Fluent Inc (NASDAQ:FLNT) CEO Ryan Schulke Buys 16,422 Shares of Stock

Fluent Inc (NASDAQ:FLNT) CEO Ryan Schulke acquired 16,422 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $1.70 per share, for a total transaction of $27,917.40. Following the purchase, the chief executive officer now directly owns 7,216,354 shares of the company’s stock, valued at $12,267,801.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryan Schulke also recently made the following trade(s):

  • On Monday, December 2nd, Ryan Schulke bought 1,818 shares of Fluent stock. The shares were purchased at an average cost of $1.64 per share, for a total transaction of $2,981.52.

FLNT stock opened at $1.57 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. Fluent Inc has a one year low of $1.26 and a one year high of $7.47. The firm has a 50-day moving average of $2.11 and a two-hundred day moving average of $3.72.

Fluent (NASDAQ:FLNT) last released its earnings results on Monday, November 11th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $64.60 million during the quarter, compared to analysts’ expectations of $69.60 million. Fluent had a positive return on equity of 0.22% and a negative net margin of 0.39%. Fluent’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Fluent Inc will post -0.08 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of FLNT. BlackRock Inc. boosted its stake in Fluent by 53.0% in the 2nd quarter. BlackRock Inc. now owns 2,795,429 shares of the company’s stock worth $15,039,000 after purchasing an additional 968,785 shares during the period. Vanguard Group Inc. raised its holdings in Fluent by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,763,507 shares of the company’s stock worth $9,488,000 after purchasing an additional 48,015 shares during the last quarter. Tieton Capital Management LLC lifted its position in shares of Fluent by 13.9% in the 2nd quarter. Tieton Capital Management LLC now owns 832,270 shares of the company’s stock worth $4,478,000 after purchasing an additional 101,430 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Fluent by 186.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 782,038 shares of the company’s stock worth $4,051,000 after purchasing an additional 509,124 shares during the period. Finally, State Street Corp lifted its position in shares of Fluent by 9.8% in the 3rd quarter. State Street Corp now owns 765,118 shares of the company’s stock worth $2,093,000 after purchasing an additional 68,435 shares during the period. Institutional investors and hedge funds own 32.64% of the company’s stock.

FLNT has been the subject of a number of research reports. TheStreet lowered Fluent from a “c” rating to a “d+” rating in a research note on Monday, November 11th. ValuEngine upgraded Fluent from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Zacks Investment Research cut Fluent from a “hold” rating to a “strong sell” rating in a research note on Monday, November 18th. Finally, Barrington Research cut shares of Fluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.58.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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