Fluent (NASDAQ:FLNT) CEO Donald Huntley Patrick Sells 19,230 Shares

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 19,230 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $2.58, for a total transaction of $49,613.40. Following the sale, the chief executive officer directly owned 312,455 shares of the company’s stock, valued at approximately $806,133.90. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Donald Huntley Patrick also recently made the following trade(s):

• On Tuesday, May 26th, Donald Huntley Patrick sold 286 shares of Fluent stock. The stock was sold at an average price of $2.48, for a total transaction of $709.28.

Fluent Stock Down 9.6%

Shares of Fluent stock opened at $2.16 on Thursday. The company has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.89. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Fluent, Inc. has a twelve month low of $1.62 and a twelve month high of $4.15. The stock has a market cap of $64.41 million, a price-to-earnings ratio of -2.48 and a beta of 1.03.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.02. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. The firm had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. Equities research analysts forecast that Fluent, Inc. will post -0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 4WEALTH Advisors Inc. boosted its position in Fluent by 27.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after buying an additional 4,735 shares during the last quarter. Susquehanna International Group LLP boosted its position in Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after buying an additional 15,777 shares during the last quarter. Millennium Management LLC bought a new position in shares of Fluent during the fourth quarter worth about $84,000. Geode Capital Management LLC lifted its position in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after purchasing an additional 44,684 shares during the last quarter. Finally, Sei Investments Co. lifted its position 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 purchasing an additional 274,533 shares during the last quarter. 23.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Fluent Company Profile

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.