Alan W. Weber (Investment Managem.. recently announced the acquisition of new stake in Fluent Inc. (NASDAQ:FLNT). The institutional investor has increased its shareholding in the Communication Services company by 2.19% to 5.82 million shares with purchase of 0.13 million shares. This fresh investment now brings its stake to 7.67% valued currently at $10.59 million. In addition, Tieton Capital Management LLC raised its holdings by 0.3 million to 1.94 million shares. And Geode Capital Management LLC has lifted its position by 0.17% or 1068.0 shares – to 0.62 million shares.
With over 1.53 million Fluent Inc. (FLNT) shares trading Tuesday and a closing price of $3.53 on the day, the dollar volume was approximately $5.4 million. The shares have shown a positive weekly performance of 54.15% and its price on 09/01/20 gained nearly 13.87%. Currently, there are 78.51M common shares owned by the public and among those 40.09M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for FLNT have a consensus price objective of $5.00. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $5.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Fluent Inc. stock is 2.00 for the next 12 months. The average price target is 29.4% above its last price level and an upside to the estimated low will see the stock gain 29.4% over that period. But an upside of 29.4% will see the stock hit the forecast high price target while mean target price for the stock is $5.00.
Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 295,378 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Fluent Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 1.03 million shares of the company’s stock, all valued at over $1.88 million. iShares Russell 2000 ETF sold 39508.0 shares to see its total holdings shrink to 0.84 million shares valued at over $1.54 million and representing 1.11% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.69% of the shares outstanding.
Shares of Fluent Inc. (NASDAQ: FLNT) opened at $3.11, up $0.01 from a prior closing price of $3.10. However, the script later closed the day at $3.53, up 13.87%. The company’s stock has a 5-day price change of 54.15% and 44.67% over the past three months. FLNT shares are trading 41.20% year to date (YTD), with the 12-month market performance up to 23.86% higher. It has a 12-month low price of $1.02 and touched a high of $3.90 over the same period. Currently, 1.53 million shares have been traded, compared to an average intraday trading volume of 280.59K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 44.79%, 68.14%, and 70.28% respectively.
Institutional ownership of Fluent Inc. (NASDAQ: FLNT) shares accounts for 30.80% of the company’s 78.51M shares outstanding. Mutual fund holders own 31.19%, while other institutional holders and individual stakeholders account for 8.40% and 22.06% respectively.
It has a market capitalization of $260.62M and a beta (3y monthly) value of 2.67. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 19.49% over the week and 9.95% over the month.
Analysts forecast that Fluent Inc. (FLNT) will achieve an EPS of $0.01 for the current quarter, $0.02 for the next quarter and $0.13 for 2021. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -152.90%, and 188.89% over the next financial year. EPS should grow at an annualized rate of 40.00% over the next five years, compared to 30.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Fluent Inc. (FLNT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FLNT, a number of firms have released research notes about the stock. Canaccord Genuity stated their Buy rating for the stock in a research note on August 26, 2020, with the firm’s price target at $5. Barrington Research coverage for the Fluent Inc. (FLNT) stock in a research note released on November 12, 2019 offered a Mkt Perform rating with a price target of.