James Geygan Acquires 12,376 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) Director James Geygan acquired 12,376 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were bought at an average price of $3.38 per share, for a total transaction of $41,830.88. Following the completion of the transaction, the director owned 3,137,960 shares of the company’s stock, valued at approximately $10,606,304.80. This trade represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

James Geygan also recently made the following trade(s):

• On Tuesday, September 1st, James Geygan sold 148 shares of Fluent stock. The stock was sold at an average price of $3.23, for a total value of $478.04.
• On Friday, August 28th, James Geygan 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, James Geygan sold 2 shares of Fluent stock. The shares were sold at an average price of $4.15, for a total value of $8.30.
• On Monday, August 17th, James Geygan 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, James Geygan sold 600 shares of Fluent stock. The stock was sold at an average price of $4.15, for a total value of $2,490.00.

Fluent Stock Up 5.4%

NASDAQ FLNT opened at $3.53 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. Fluent, Inc. has a 52 week low of $1.70 and a 52 week high of $4.49. The firm has a market capitalization of $111.58 million, a price-to-earnings ratio of -4.58 and a beta of 0.75. The company has a fifty day moving average of $3.61 and a two-hundred day moving average of $3.28.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 4WEALTH Advisors Inc. increased its holdings in Fluent by 27.1% during 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. Salvus Wealth Management LLC raised its position in Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after purchasing an additional 10,560 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Fluent by 117.5% in the 1st 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 during the period. Tieton Capital Management LLC purchased a new stake in shares of Fluent in the 2nd quarter worth $4,387,000. Finally, Corient Private Wealth LP bought a new position in shares of Fluent during the 2nd quarter worth $4,933,000. Institutional investors own 23.33% of the company’s stock.

Key Headlines Impacting Fluent

Here are the key news stories impacting Fluent this week:

• Positive Sentiment: Director James Geygan increased his position by 0.40%, while Global Value Investment Corp. increased its reported stake by 0.38%. Both purchases were disclosed for the same transaction price and may support investor sentiment toward FLNT. SEC director transaction filing
• Positive Sentiment: Fluent’s latest quarterly results exceeded expectations: revenue was $48.45 million versus the $44.64 million consensus estimate, and adjusted earnings per share of negative $0.13 beat estimates by $0.02. Analysts maintain a “Moderate Buy” consensus and an average price target of $5.00, above recent trading levels. Fluent analyst and earnings information
• Neutral Sentiment: Geygan and Global Value Investment Corp. also reported several small sales totaling 1,915 shares during August and early September. Each sale reduced ownership by no more than 0.02%, making the transactions unlikely to materially affect the outlook. SEC major shareholder transaction filing
• Negative Sentiment: David Allen Graff reportedly sold 25,000 FLNT shares. Because the sale is considerably larger than the other disclosed transactions, it could create short-term selling pressure, although the available report does not provide the sale price or Graff’s remaining ownership. David Allen Graff share sale

Wall Street Analyst Weigh In

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

About Fluent

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.