Fluent (NASDAQ:FLNT) Stock Jumps 0.4% – Time to Buy?

Fluent, Inc. (NASDAQ:FLNT)’s stock price traded up 0.4% during mid-day trading on Tuesday. The stock traded as high as $2.87 and last traded at $2.76. Approximately 2,569 shares traded hands during trading, The stock had previously closed at $2.75.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Lake Street Capital reaffirmed a “buy” rating and set a $5.50 price objective (up from $5.00) on shares of Fluent in a research report on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price target on Fluent and gave the company a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Fluent Trading Up 9.4%

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50 day simple moving average is $3.18 and its 200 day simple moving average is $3.25. The stock has a market cap of $103.36 million, a P/E ratio of -4.25 and a beta of 0.70.

Fluent (NASDAQ:FLNT) last issued its earnings results on Monday, August 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $44.64 million. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%. On average, analysts expect that Fluent, Inc. will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluent

In other Fluent news, Director David Graff sold 25,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $3.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director directly owned 95,438 shares in the company, valued at $286,314. This represents a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Geygan acquired 12,376 shares of the business’s stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $3.38 per share, with a total value of $41,830.88. Following the completion of the acquisition, the director owned 3,137,960 shares of the company’s stock, valued at approximately $10,606,304.80. This trade represents a 0.40% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 27,575 shares of company stock worth $92,357 and have sold 28,830 shares worth $89,764. Company insiders own 38.40% of the company’s stock.

Institutional Investors Weigh In On Fluent

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new position in Fluent in the second quarter worth $4,933,000. Tieton Capital Management LLC acquired a new position in Fluent during the 2nd quarter worth about $4,387,000. Sei Investments Co. lifted its position in Fluent by 117.5% during the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after buying an additional 274,533 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after acquiring an additional 10,560 shares during the last quarter. Finally, 4WEALTH Advisors Inc. grew its holdings in Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after acquiring an additional 4,735 shares during the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.

Fluent Company Profile

Fluent, Inc is a digital marketing and advertising technology company that helps brands and agencies acquire, engage and retain customers. Its services are designed to support performance marketing campaigns across digital channels, using audience data, targeting tools and campaign optimization capabilities.

The company provides solutions for programmatic advertising, customer acquisition, lead generation and audience engagement. Fluent’s offerings are intended to help advertisers reach relevant consumers, manage campaigns across multiple channels and measure marketing outcomes.