Donald Huntley Patrick Buys 50,000 Shares of Fluent Inc (FLNT) Stock

Fluent Inc (NASDAQ:FLNT) COO Donald Huntley Patrick purchased 50,000 shares of Fluent stock in a transaction dated Friday, May 11th. The shares were purchased at an average cost of $2.40 per share, with a total value of $120,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of FLNT opened at $2.51 on Thursday. Fluent Inc has a 1 year low of $1.89 and a 1 year high of $5.27. The firm has a market cap of $195.75 million, a PE ratio of -3.49 and a beta of 0.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 1.82.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $56.94 million for the quarter, compared to analyst estimates of $59.00 million. Fluent had a negative net margin of 19.23% and a negative return on equity of 7.44%. On average, analysts anticipate that Fluent Inc will post 0.16 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in Fluent in the second quarter worth about $106,000. Dimensional Fund Advisors LP bought a new stake in Fluent in the second quarter worth about $130,000. Schwab Charles Investment Management Inc. bought a new stake in Fluent in the second quarter worth about $176,000. WealthTrust Axiom LLC bought a new stake in Fluent in the second quarter worth about $196,000. Finally, Bank of America Corp DE bought a new stake in Fluent in the second quarter worth about $235,000. 11.72% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of Fluent from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Thursday, August 9th.

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About Fluent

Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.

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