Donald Huntley Patrick Sells 15,588 Shares of Fluent, Inc. (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 15,588 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $1.48, for a total transaction of $23,070.24. Following the completion of the transaction, the chief executive officer now owns 243,178 shares of the company’s stock, valued at $359,903.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fluent Stock Down 1.7 %

NASDAQ FLNT opened at $3.56 on Thursday. Fluent, Inc. has a twelve month low of $2.31 and a twelve month high of $4.78. The business has a 50-day moving average price of $3.58 and a 200-day moving average price of $3.45.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.29). Fluent had a negative return on equity of 21.95% and a negative net margin of 14.15%. The business had revenue of $65.98 million during the quarter, compared to analysts’ expectations of $65.66 million. Sell-side analysts forecast that Fluent, Inc. will post -0.64 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Fluent in a report on Monday, May 27th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Fluent

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. purchased a new position in Fluent during the fourth quarter valued at $71,000. Salvus Wealth Management LLC boosted its holdings in shares of Fluent by 90.6% during the 4th quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after purchasing an additional 50,510 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Fluent during the first quarter valued at about $90,000. Empowered Funds LLC increased its holdings in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares during the last quarter. Finally, JB Capital Partners LP increased its holdings in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after purchasing an additional 150,150 shares during the last quarter. Hedge funds and other institutional investors own 23.33% of the company’s stock.

About Fluent

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.