Fluent, Inc. (NASDAQ:FLNT – Get Free Report) insider Matthew Conlin acquired 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $2.07 per share, with a total value of $10,350.00. Following the purchase, the insider owned 2,468,677 shares in the company, valued at approximately $5,110,161.39. This represents a 0.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Fluent Price Performance
Shares of Fluent stock opened at $2.17 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $3.03 and its 200-day simple moving average is $2.90. Fluent, Inc. has a twelve month low of $1.70 and a twelve month high of $4.15. The firm has a market cap of $64.70 million, a P/E ratio of -2.49 and a beta of 1.03.
Fluent (NASDAQ:FLNT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.02. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. The firm had revenue of $44.85 million during the quarter, compared to analyst estimates of $48.80 million. As a group, research analysts expect that Fluent, Inc. will post -0.48 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on FLNT
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Mink Brook Asset Management LLC acquired a new stake in shares of Fluent in the 3rd quarter valued at $634,000. Sei Investments Co. lifted its stake in shares of Fluent by 117.5% during the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock valued at $1,606,000 after acquiring an additional 274,533 shares during the period. Geode Capital Management LLC boosted its holdings in Fluent by 44.7% in the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after acquiring an additional 44,684 shares during the last quarter. Millennium Management LLC bought a new position in Fluent in the fourth quarter valued at about $84,000. Finally, Susquehanna International Group LLP increased its position in Fluent by 65.3% in the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after purchasing an additional 15,777 shares during the period. Institutional investors own 23.33% of the company’s stock.
About Fluent
Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.
The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.
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