Alan W. Weber 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 2.33% to 4.4 million shares with purchase of 100000.0 shares. This fresh investment now brings its stake to 5.50% valued currently at $4.8 million. In addition, Wellington Management Co. LLP raised its holdings by 0.77 million to 4.28 million shares. And The Vanguard Group, Inc. has lifted its position by 15.55% or 0.23 million shares – to 1.7 million shares.
With over 0.26 million Fluent Inc. (FLNT) shares trading Tuesday and a closing price of $1.57 on the day, the dollar volume was approximately $0.41 million. The shares have shown a positive half year performance of 23.62% and its price on 01/17/23 gained nearly 12.95%. Currently, there are 81.59M common shares owned by the public and among those 42.90M 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 $3.25. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $2.50. The average price target is 51.69% above its recent price level and an upside to the estimated low will see the stock gain 37.2% over that period. But an upside of 60.75% will see the stock hit the forecast high price target while median target price for the stock is $3.25.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 130,000 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, Vanguard Extended Market Index Fu, and Acuitas US Micro Cap Fund. Vanguard Total Stock Market Index owns 1.01 million shares of the company’s stock, all valued at over $1.1 million. Acuitas US Micro Cap Fund bought 7080.0 shares to bring its total holdings to over 0.26 million shares at a value of $0.28 million. Acuitas US Micro Cap Fund now owns shares totaling to 0.32% of the shares outstanding.
Shares of Fluent Inc. (NASDAQ: FLNT) opened at $1.43, up $0.04 from a prior closing price of $1.39. However, the script later moved the day high at 1.7000, up 12.95%. The company’s stock has a 5-day price change of 27.64% and 23.62% over the past three months. FLNT shares are trading 44.04% year to date (YTD), with the 12-month market performance down to -15.14% lower. It has a 12-month low price of $0.96 and touched a high of $2.36 over the same period. FLNT has an average intraday trading volume of 89.75K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 37.52%, 31.24%, and 16.67% respectively.
Institutional ownership of Fluent Inc. (NASDAQ: FLNT) shares accounts for 27.10% of the company’s 81.59M shares outstanding. Mutual fund holders own 31.35%, while other institutional holders and individual stakeholders account for 4.17% and 22.76% respectively.
It has a market capitalization of $120.97M and a beta (3y monthly) value of 2.49. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.77% over the week and 6.91% over the month.
Analysts forecast that Fluent Inc. (FLNT) will achieve an EPS of $0 for the current quarter, $0.05 for the next quarter and $0.12 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -553.20%, and 117.60% over the next financial year. EPS should grow at an annualized rate of 40.00% over the next five years, compared to 28.10% 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 “Strong Buy” at a consensus score of 1.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 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. Barrington Research stated their Outperform rating for the stock in a research note on May 10, 2022, with the firm’s price target at $2.50. Barrington Research was of a view on November 02, 2020 that the stock is Outperform, while Canaccord Genuity gave the stock Buy rating on August 26, 2020, issuing a price target of $5. Barrington Research on their part issued Mkt Perform rating on November 12, 2019.