Sei Investments Co. Raises Position in Fluent, Inc. $FLNT

by · The Markets Daily

Sei Investments Co. increased its stake in shares of Fluent, Inc. (NASDAQ:FLNT – Free Report) by 117.5% in the 1st quarter, Holdings Channel reports. The firm owned 508,110 shares of the company’s stock after buying an additional 274,533 shares during the period. Sei Investments Co.’s holdings in Fluent were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 4WEALTH Advisors Inc. grew its position in shares of Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after acquiring an additional 4,735 shares during the period. Susquehanna International Group LLP raised its holdings in Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after purchasing an additional 15,777 shares during the period. Millennium Management LLC bought a new position in Fluent in the 4th quarter worth $84,000. Finally, Geode Capital Management LLC lifted its position in Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after purchasing an additional 44,684 shares in the last quarter. Institutional investors own 23.33% of the company’s stock.

Fluent Price Performance

FLNT opened at $4.27 on Tuesday. The firm has a market capitalization of $127.33 million, a PE ratio of -4.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average is $3.31 and its two-hundred day moving average is $3.25. Fluent, Inc. has a 1 year low of $1.70 and a 1 year high of $4.36.

Fluent (NASDAQ:FLNT – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $44.64 million. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. Research analysts anticipate that Fluent, Inc. will post -0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Global Value Investment Corp. bought 61,368 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $2.75 per share, with a total value of $168,762.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Geygan purchased 60,183 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $8,527,304.50. The trade was a 1.98% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 132,736 shares of company stock worth $358,260 and have sold 29,120 shares worth $75,197. Insiders own 38.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital started coverage on shares of Fluent in a research report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price objective on the stock. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Check Out Our Latest Report on Fluent

Fluent Profile

(Free Report)

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.

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