Fluent Inc. (NASDAQ:FLNT) shares traded -2.11% lower at $0.68 on Wall Street last session.
FLNT stock price is now -51.68% away from the 50-day moving average and -48.86% away from the 200-day moving average. The market capitalization of the company currently stands at $60.07M.
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With the price target maintained at $2.50, Barrington Research recently Upgraded its rating from Mkt Perform to Outperform for Fluent Inc. (NASDAQ: FLNT)., while ‘Canaccord Genuity’ rates the stock as ‘Buy’.
In other news, Khandelwal Sugandha, Chief Financial Officer sold 19,555 shares of the company’s stock on Dec 15. The stock was sold for $19,250 at an average price of $0.98. Upon completion of the transaction, the Chief Financial Officer now directly owns 30,445 shares in the company, valued at $20702.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Chief Customer Officer Conlin Matthew bought 40,000 shares of the business’s stock. A total of $67,812 was incurred on buying the stock at an average price of $1.70. This leaves the insider owning 357,570 shares of the company worth $0.24 million. Insiders disposed of 19,555 shares of company stock worth roughly $13297.400000000001 over the past 1 year. A total of 17.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FLNT stock. A new stake in Fluent Inc. shares was purchased by BLEAKLEY FINANCIAL GROUP, LLC during the first quarter worth $124,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $13,000 in shares of FLNT during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Fluent Inc. valued at approximately $4,000. CITADEL ADVISORS LLC acquired a new stake in FLNT for approximately $3,000. GROUP ONE TRADING, L.P. purchased a new stake in FLNT valued at around $1,000 in the second quarter. In total, there are 76 active investors with 27.10% ownership of the company’s stock.
Fluent Inc. (NASDAQ: FLNT) opened at $0.7590 on Monday. During the past 12 months, Fluent Inc. has had a low of $0.64 and a high of $2.36. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for FLNT is $1.3972 and a two-hundred day moving average price translates $1.3289 for the stock.
The latest earnings results from Fluent Inc. (NASDAQ: FLNT) was released for Sep, 2022. According to the Advertising Agencies Company, earnings per share came in at $0.04, beating analysts’ expectations of $0 by 0.04. This compares to $0.05 EPS in the same period last year. The net profit margin was -34.20% and return on equity was -79.30% for FLNT. The company reported revenue of $84.66 million for the quarter, compared to $99.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.2 percent. For the current quarter, analysts expect FLNT to generate $89.27M in revenue.
Fluent Inc.(FLNT) Company Profile
Fluent, Inc. provides data-driven digital marketing services primarily in the United States. 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. The company also delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial products and services, media and entertainment, health and wellness, retail and consumer, and staffing and recruitment. Fluent, Inc. is headquartered in New York, New York.
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