Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) 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. Based on an average daily trading volume, of 35,220 shares, the short-interest ratio is currently 1.7 days. Currently, 0.3% of the shares of the stock are short sold.

Insider Transactions at Fluent

In other Fluent news, Director David Graff sold 25,000 shares of Fluent stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $3.00, for a total value of $75,000.00. Following the transaction, the director owned 95,438 shares in the company, valued at $286,314. The trade was a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Geygan bought 12,376 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $3.38 per share, with a total value of $41,830.88. Following the acquisition, the director directly owned 3,137,960 shares of the company’s stock, valued at approximately $10,606,304.80. The trade was a 0.40% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 27,575 shares of company stock valued at $92,357 and sold 28,830 shares valued at $89,764. 38.40% of the stock is owned by insiders.

Institutional Trading of Fluent

Several institutional investors have recently modified their holdings of FLNT. Corient Private Wealth LP acquired a new position in shares of Fluent in the second quarter worth approximately $4,933,000. Tieton Capital Management LLC acquired a new stake in Fluent during the 2nd quarter valued at approximately $4,387,000. Salvus Wealth Management LLC raised its holdings in Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after purchasing an additional 10,560 shares during the last quarter. Sei Investments Co. raised its holdings in Fluent by 117.5% during the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after purchasing an additional 274,533 shares during the last quarter. Finally, 4WEALTH Advisors Inc. lifted its position in shares of Fluent by 27.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after purchasing an additional 4,735 shares during the period. Institutional investors own 23.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on FLNT shares. Canaccord Genuity Group set a $4.50 price objective on shares of Fluent and gave the company a “hold” rating in a research note on Tuesday, August 11th. Lake Street Capital reiterated a “buy” rating and set a $5.50 price target (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Fluent Trading Up 1.9%

Shares of Fluent stock traded up $0.07 on Thursday, hitting $3.42. The stock had a trading volume of 7,185 shares, compared to its average volume of 59,620. The stock has a 50 day moving average of $3.62 and a 200 day moving average of $3.28. The firm has a market capitalization of $107.95 million, a P/E ratio of -4.44 and a beta of 0.75. Fluent has a twelve month low of $1.70 and a twelve month high of $4.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 0.88.

Fluent (NASDAQ:FLNT) last posted its earnings results on Monday, August 10th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. Fluent had a negative net margin of 11.48% and a negative return on equity of 155.09%. The business had revenue of $48.45 million for the quarter, compared to the consensus estimate of $44.64 million. Sell-side analysts expect that Fluent will post -0.52 earnings per share for the current fiscal year.

Key Stories Impacting Fluent

Here are the key news stories impacting Fluent this week:

• Positive Sentiment: Director James Geygan bought 12,376 shares at an average price of $3.38, investing approximately $41,831 and increasing his holdings by 0.40%. Major shareholder Global Value Investment Corp. reported an identical purchase, adding to the bullish interpretation of the filings. Fluent insider buying report
• Positive Sentiment: Fluent’s latest quarterly results provided a supportive operating backdrop: revenue of $48.45 million exceeded estimates of $44.64 million, while its loss of $0.13 per share was narrower than the expected $0.15 loss. Analysts cited in the report maintain a “Moderate Buy” consensus and an average price target of $5.00, above recent trading levels. Fluent stock and analyst coverage
• Neutral Sentiment: Geygan and Global Value Investment Corp. also disclosed several small sales from August through September. The transactions totaled only about 1,915 shares for each reporting holder and reduced their positions by no more than 0.02%, making them unlikely to materially affect the investment case. SEC insider transaction filing
• Negative Sentiment: David Allen Graff reportedly sold 25,000 shares of Fluent. Because the available report does not provide the sale price or remaining ownership, the transaction’s significance is uncertain, but it could create short-term selling pressure. David Allen Graff sells Fluent shares

Fluent Company Profile

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.