Fluent, Inc. (NASDAQ:FLNT) CEO Sells $17,937.92 in Stock

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 12,544 shares of the stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $1.43, for a total value of $17,937.92. Following the completion of the transaction, the chief executive officer now owns 245,776 shares of the company’s stock, valued at $351,459.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fluent Price Performance

FLNT opened at $3.56 on Thursday. Fluent, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $4.78. The company’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $3.45.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.29). The business had revenue of $65.98 million for the quarter, compared to analyst estimates of $65.66 million. Fluent had a negative return on equity of 21.95% and a negative net margin of 14.15%. Equities research analysts predict that Fluent, Inc. will post -0.64 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Salvus Wealth Management LLC boosted its stake in shares of Fluent by 90.6% in the 4th quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after purchasing an additional 50,510 shares during the last quarter. Empowered Funds LLC boosted its stake in Fluent by 8.2% during the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after acquiring an additional 23,592 shares in the last quarter. JB Capital Partners LP grew its holdings in Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after purchasing an additional 150,150 shares during the period. Victory Capital Management Inc. bought a new stake in Fluent in the 4th quarter valued at about $71,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Fluent during the first quarter worth approximately $90,000. 23.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Fluent in a research report on Monday, May 27th. They issued a “hold” rating for the company.

About Fluent

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.