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

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 200,168 shares, an increase of 295.4% from the May 31st total of 50,628 shares. Based on an average daily trading volume, of 354,357 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Lake Street Capital assumed coverage on Fluent in a report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price target on the stock. Canaccord Genuity Group boosted their price objective on Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Insiders Place Their Bets

In other Fluent news, Director James Geygan purchased 60,183 shares of the company’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $2.75 per share, for a total transaction of $165,503.25. Following the completion of the purchase, the director directly owned 3,100,838 shares in the company, valued at approximately $8,527,304.50. The trade was a 1.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Global Value Investment Corp. acquired 61,368 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $2.75 per share, for a total transaction of $168,762.00. Following the transaction, the insider directly owned 3,151,044 shares of the company’s stock, valued at approximately $8,665,371. This trade represents a 1.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 132,736 shares of company stock worth $358,260 and have sold 29,120 shares worth $75,197. 38.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fluent

Several hedge funds have recently added to or reduced their stakes in FLNT. Sei Investments Co. raised its holdings in 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 purchasing an additional 274,533 shares in the last quarter. Mink Brook Asset Management LLC purchased a new position in shares of Fluent in the 3rd quarter valued at $634,000. Geode Capital Management LLC raised its stake in Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after acquiring an additional 44,684 shares in the last quarter. Susquehanna International Group LLP raised its stake in Fluent by 65.3% during the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after acquiring an additional 15,777 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Fluent in the fourth quarter valued at $84,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Fluent Stock Up 2.5%

NASDAQ:FLNT traded up $0.08 during trading hours on Friday, hitting $3.32. The company’s stock had a trading volume of 28,396 shares, compared to its average volume of 222,724. Fluent has a 52-week low of $1.70 and a 52-week high of $4.15. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $99.00 million, a P/E ratio of -3.82 and a beta of 0.89. The stock has a fifty day moving average of $2.81 and a 200-day moving average of $3.00.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.02. Fluent had a negative return on equity of 132.41% and a negative net margin of 12.22%.The business had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. On average, equities analysts forecast that Fluent will post -0.48 earnings per share for the current year.

About Fluent

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.