Insider Buying: Fluent (NASDAQ:FLNT) Major Shareholder Acquires $41,830.88 in Stock

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. bought 12,376 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of $3.38 per share, for a total transaction of $41,830.88. Following the completion of the transaction, the insider owned 3,229,627 shares of the company’s stock, valued at $10,916,139.26. This represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Tuesday, September 1st, Global Value Investment Corp. sold 148 shares of Fluent stock. The shares were sold at an average price of $3.23, for a total value of $478.04.
• On Friday, August 28th, Global Value Investment Corp. sold 665 shares of Fluent stock. The stock was sold at an average price of $3.58, for a total value of $2,380.70.
• On Tuesday, August 25th, Global Value Investment Corp. sold 2 shares of Fluent stock. The stock was sold at an average price of $4.15, for a total value of $8.30.
• On Monday, August 17th, Global Value Investment Corp. sold 500 shares of Fluent stock. The shares were sold at an average price of $4.05, for a total value of $2,025.00.
• On Friday, August 14th, Global Value Investment Corp. sold 600 shares of Fluent stock. The shares were sold at an average price of $4.15, for a total value of $2,490.00.

Fluent Stock Up 0.6%

Shares of FLNT stock opened at $3.55 on Friday. The stock has a market cap of $112.22 million, a P/E ratio of -4.61 and a beta of 0.75. Fluent, Inc. has a one year low of $1.70 and a one year high of $4.49. The stock has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $48.45 million for the quarter, compared to analyst estimates of $44.64 million. Analysts predict that Fluent, Inc. will post -0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FLNT shares. Lake Street Capital restated a “buy” rating and set a $5.50 price target (up from $5.00) on shares of Fluent in a research note on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 target price on Fluent and gave the stock a “hold” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Fluent presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Institutional Investors Weigh In On Fluent

Several large investors have recently made changes to their positions in FLNT. Corient Private Wealth LP bought a new position in Fluent during the 2nd quarter valued at about $4,933,000. Tieton Capital Management LLC acquired a new stake in shares of Fluent during the second quarter worth approximately $4,387,000. Sei Investments Co. increased its holdings in shares of Fluent by 117.5% during the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after buying an additional 274,533 shares in the last quarter. Salvus Wealth Management LLC raised its stake in shares of Fluent by 54.3% in the second quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after acquiring an additional 10,560 shares during the last quarter. Finally, 4WEALTH Advisors Inc. raised 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 acquiring an additional 4,735 shares during the last quarter. Institutional investors own 23.33% of the company’s stock.

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.