Fluent Inc (NASDAQ:FLNT) insider Matthew Conlin acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were bought at an average price of $2.07 per share, for a total transaction of $51,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Matthew Conlin also recently made the following trade(s):
- On Thursday, August 30th, Matthew Conlin acquired 25,000 shares of Fluent stock. The shares were bought at an average price of $2.31 per share, for a total transaction of $57,750.00.
- On Tuesday, August 14th, Matthew Conlin acquired 20,000 shares of Fluent stock. The shares were bought at an average price of $2.39 per share, for a total transaction of $47,800.00.
FLNT traded up $0.01 during trading hours on Monday, reaching $2.40. The company’s stock had a trading volume of 427,800 shares, compared to its average volume of 598,876. Fluent Inc has a 52 week low of $1.89 and a 52 week high of $5.27. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a market cap of $161.87 million, a PE ratio of -3.32 and a beta of 0.68.
Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Fluent had a negative net margin of 19.23% and a negative return on equity of 7.44%. The business had revenue of $56.94 million during the quarter, compared to the consensus estimate of $59.00 million. Equities analysts forecast that Fluent Inc will post 0.16 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new stake in Fluent in the 2nd quarter valued at $106,000. Dimensional Fund Advisors LP bought a new stake in Fluent in the 2nd quarter valued at $130,000. Schwab Charles Investment Management Inc. bought a new stake in Fluent in the 2nd quarter valued at $176,000. WealthTrust Axiom LLC bought a new stake in Fluent in the 2nd quarter valued at $196,000. Finally, Bank of America Corp DE bought a new stake in Fluent in the 2nd quarter valued at $235,000. Institutional investors and hedge funds own 11.72% of the company’s stock.
Separately, Zacks Investment Research upgraded Fluent from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Thursday, August 9th.
Fluent Company Profile
Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.
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