Fluent, Inc. (NASDAQ:FLNT – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 60,178 shares, a decline of 32.0% from the August 15th total of 88,483 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 35,220 shares, the short-interest ratio is currently 1.7 days.
Fluent Price Performance
Fluent stock opened at $3.53 on Friday. The firm has a market capitalization of $111.58 million, a PE ratio of -4.58 and a beta of 0.75. Fluent has a 52 week low of $1.70 and a 52 week high of $4.49. The firm’s 50-day simple moving average is $3.61 and its 200 day simple moving average is $3.28. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.64.
Fluent (NASDAQ:FLNT – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $48.45 million during the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative net margin of 11.48% and a negative return on equity of 155.09%. On average, equities research analysts predict that Fluent will post -0.52 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Report on FLNT
More Fluent News
Here are the key news stories impacting Fluent this week:
- Positive Sentiment: Director James Geygan increased his position by 0.40%, while Global Value Investment Corp. increased its reported stake by 0.38%. Both purchases were disclosed for the same transaction price and may support investor sentiment toward FLNT. SEC director transaction filing
- Positive Sentiment: Fluent’s latest quarterly results exceeded expectations: revenue was $48.45 million versus the $44.64 million consensus estimate, and adjusted earnings per share of negative $0.13 beat estimates by $0.02. Analysts maintain a “Moderate Buy” consensus and an average price target of $5.00, above recent trading levels. Fluent analyst and earnings information
- Neutral Sentiment: Geygan and Global Value Investment Corp. also reported several small sales totaling 1,915 shares during August and early September. Each sale reduced ownership by no more than 0.02%, making the transactions unlikely to materially affect the outlook. SEC major shareholder transaction filing
- Negative Sentiment: David Allen Graff reportedly sold 25,000 FLNT shares. Because the sale is considerably larger than the other disclosed transactions, it could create short-term selling pressure, although the available report does not provide the sale price or Graff’s remaining ownership. David Allen Graff share sale
Insider Transactions at Fluent
In related news, Director James Geygan purchased 12,376 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was acquired at an average price of $3.38 per share, for a total transaction of $41,830.88. Following the acquisition, the director directly owned 3,137,960 shares of the company’s stock, valued at $10,606,304.80. This trade represents a 0.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Graff sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $3.00, for a total transaction of $75,000.00. Following the sale, the director directly owned 95,438 shares in the company, valued at approximately $286,314. This represents a 20.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 27,575 shares of company stock valued at $92,357 and have sold 28,830 shares valued at $89,764. Corporate insiders own 38.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of FLNT. 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 valued at $69,000 after buying an additional 4,735 shares during the last quarter. Salvus Wealth Management LLC increased its position in Fluent by 54.3% during the second quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after buying an additional 10,560 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Fluent by 117.5% in the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after acquiring an additional 274,533 shares during the last quarter. Tieton Capital Management LLC acquired a new position in shares of Fluent in the second quarter worth $4,387,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Fluent in the second quarter valued at $4,933,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.
About Fluent
Fluent, Inc is a digital marketing and advertising technology company that helps brands, agencies and publishers reach and engage consumers across digital channels. Its offerings are designed to support customer acquisition, audience targeting and campaign performance through data-driven marketing solutions.
The company provides programmatic advertising, media buying, audience development, data management and marketing technology services. Fluent’s platform supports campaigns across channels such as display, mobile, video, social media and connected television, with tools intended to help advertisers identify relevant audiences, deliver personalized messages and measure results.
Fluent serves marketers, agencies and media owners in the United States and international markets.
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