Sei Investments Co. increased its position in shares of Fluent, Inc. (NASDAQ:FLNT – Free Report) by 117.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,110 shares of the company’s stock after purchasing an additional 274,533 shares during the period. Sei Investments Co. owned approximately 1.70% of Fluent worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. 4WEALTH Advisors Inc. boosted its stake in shares of Fluent by 27.1% in the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after buying an additional 4,735 shares during the period. Millennium Management LLC bought a new position in Fluent during the 4th quarter worth $84,000. Susquehanna International Group LLP raised its holdings in Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after acquiring an additional 15,777 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Fluent by 44.7% in the 4th 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 in the last quarter. 23.33% of the stock is currently owned by institutional investors.
Fluent Trading Up 5.7%
NASDAQ:FLNT opened at $4.27 on Tuesday. Fluent, Inc. has a 52 week low of $1.70 and a 52 week high of $4.36. The firm has a 50-day moving average price of $3.31 and a two-hundred day moving average price of $3.25. 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 has a market cap of $127.33 million, a price-to-earnings ratio of -4.91 and a beta of 0.76.
Insider Buying and Selling
In other Fluent news, CEO Donald Huntley Patrick sold 19,230 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $2.58, for a total value of $49,613.40. Following the sale, the chief executive officer owned 312,455 shares of the company’s stock, valued at $806,133.90. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Geygan bought 60,183 shares of Fluent stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $165,503.25. Following the purchase, the director owned 3,100,838 shares of the company’s stock, valued at $8,527,304.50. The trade was a 1.98% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 132,736 shares of company stock valued at $358,260 and have sold 29,120 shares valued at $75,197. 38.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, Lake Street Capital began coverage on shares of Fluent in a research report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 target price for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.25.
View Our Latest Report on Fluent
Fluent Company Profile
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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