Insider Selling: FLUENT, INC. (NASDAQ:FLNT) CEO Sells 28,172 Shares of Stock

FLUENT, INC. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 28,172 shares of FLUENT stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1.81, for a total value of $50,991.32. Following the completion of the sale, the chief executive officer now directly owns 300,891 shares in the company, valued at approximately $544,612.71. This represents a 8.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

FLUENT Stock Down 4.2%

NASDAQ:FLNT opened at $1.81 on Friday. The firm has a market capitalization of $37.36 million, a price-to-earnings ratio of -1.00 and a beta of 1.56. FLUENT, INC. has a twelve month low of $1.50 and a twelve month high of $3.83. The stock’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $2.44. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

FLUENT (NASDAQ:FLNT) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.07. The firm had revenue of $55.21 million for the quarter, compared to analyst estimates of $57.29 million. FLUENT had a negative return on equity of 95.81% and a negative net margin of 12.82%. During the same quarter in the previous year, the firm earned ($0.30) EPS. Equities research analysts expect that FLUENT, INC. will post -1.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. 4WEALTH Advisors Inc. bought a new position in shares of FLUENT during the 4th quarter worth approximately $576,000. Tieton Capital Management LLC boosted its stake in shares of FLUENT by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after acquiring an additional 216,877 shares during the period. CacheTech Inc. bought a new position in shares of FLUENT during the 4th quarter worth approximately $76,000. Finally, Geode Capital Management LLC boosted its stake in shares of FLUENT by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after acquiring an additional 19,238 shares during the period. Institutional investors and hedge funds own 23.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FLNT shares. Wall Street Zen started coverage on FLUENT in a research report on Sunday, May 18th. They set a “hold” rating on the stock. Canaccord Genuity Group lowered their price target on FLUENT from $3.50 to $3.00 and set a “hold” rating on the stock in a research report on Friday, May 16th.

FLUENT Company Profile

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.