Fluent Inc (NASDAQ:FLNT) COO Donald Huntley Patrick bought 50,000 shares of the companys stock in a transaction dated Friday, May 11th. The stock was bought at an average cost of $2.40 per share, with a total value of $120,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:FLNT traded up $0.07 during trading on Wednesday, reaching $3.51. The company had a trading volume of 217,649 shares, compared to its average volume of 610,496. The firm has a market cap of $264.27 million, a P/E ratio of -4.92, a P/E/G ratio of 0.46 and a beta of 0.38. Fluent Inc has a twelve month low of $1.89 and a twelve month high of $5.27. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.26.
Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, topping analysts consensus estimates of $0.04 by $0.02. Fluent had a negative net margin of 10.70% and a positive return on equity of 1.61%. The company had revenue of $66.54 million during the quarter, compared to analyst estimates of $60.52 million. Equities research analysts forecast that Fluent Inc will post 0.19 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Fluent by 1.0% during the third quarter. BlackRock Inc. now owns 1,676,214 shares of the companys stock valued at $3,603,000 after purchasing an additional 16,508 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Fluent during the second quarter valued at approximately $106,000. Dimensional Fund Advisors LP acquired a new stake in shares of Fluent during the second quarter valued at approximately $130,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Fluent during the second quarter valued at approximately $176,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Fluent during the third quarter valued at approximately $166,000. 10.89% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on FLNT shares. Zacks Investment Research raised shares of Fluent from a hold rating to a buy rating and set a $3.75 target price for the company in a research note on Tuesday, November 13th. Barrington Research reaffirmed a buy rating and issued a $4.00 price target on shares of Fluent in a research note on Thursday, November 8th.
This article provided by NewsEdge.