Cambridge Investment Research Advisors Inc. acquired a new position in shares of Fluent Inc (NASDAQ:FLNT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,015,130 shares of the company’s stock, valued at approximately $2,487,000. Cambridge Investment Research Advisors Inc. owned about 1.35% of Fluent as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NF Trinity Capital Hong Kong Ltd purchased a new position in shares of Fluent in the second quarter worth about $477,000. WealthTrust Axiom LLC purchased a new position in shares of Fluent in the second quarter worth about $196,000. BlackRock Inc. purchased a new position in shares of Fluent in the second quarter worth about $4,066,000. Dimensional Fund Advisors LP purchased a new position in shares of Fluent in the second quarter worth about $130,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Fluent in the second quarter worth about $272,000. Institutional investors and hedge funds own 11.72% of the company’s stock.

FLNT opened at $2.30 on Friday. The stock has a market capitalization of $184.46 million, a PE ratio of -3.19 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 1.82. Fluent Inc has a twelve month low of $1.89 and a twelve month high of $5.27.

Fluent (NASDAQ:FLNT) last posted its earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $56.94 million during the quarter, compared to analysts’ expectations of $59.00 million. Fluent had a negative return on equity of 7.44% and a negative net margin of 19.23%. equities research analysts anticipate that Fluent Inc will post 0.16 EPS for the current fiscal year.

In other news, insider Matthew Conlin acquired 25,000 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was bought at an average cost of $2.31 per share, for a total transaction of $57,750.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Michael Brauser sold 430,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $2.50, for a total transaction of $1,075,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 245,000 shares of company stock valued at $595,550 and sold 2,080,000 shares valued at $5,208,000. 18.70% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on FLNT. Zacks Investment Research upgraded shares of Fluent from a “sell” rating to a “buy” rating and set a $3.25 target price for the company in a research note on Monday, May 21st. ValuEngine upgraded shares of Fluent from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.

About Fluent

Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.

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Institutional Ownership by Quarter for Fluent (NASDAQ:FLNT)

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