Donald Huntley Patrick Sells 12,544 Shares of Fluent, Inc. (NASDAQ:FLNT) Stock

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

Fluent Trading Down 1.7 %

Fluent stock traded down $0.06 during midday trading on Wednesday, reaching $3.56. The company’s stock had a trading volume of 3,117 shares, compared to its average volume of 26,707. The stock has a market cap of $48.63 million, a PE ratio of -1.20 and a beta of 2.31. Fluent, Inc. has a 52 week low of $2.31 and a 52 week high of $4.78. The business has a 50-day moving average price of $3.56 and a 200-day moving average price of $3.45.

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

Institutional Investors Weigh In On Fluent

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Salvus Wealth Management LLC raised its position in Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after buying an additional 23,592 shares during the period. Victory Capital Management Inc. bought a new position in Fluent in the 4th quarter valued at approximately $71,000. JB Capital Partners LP boosted its position in Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after buying an additional 150,150 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in Fluent during the 1st quarter worth approximately $90,000. Institutional investors own 23.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Fluent in a research note on Monday, May 27th. They set a “hold” rating for the company.

Fluent Company Profile

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.