Fluent, Inc. (NASDAQ:FLNT) Major Shareholder Global Value Investment Corp. Purchases 5,045 Shares

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. acquired 5,045 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was bought at an average cost of $2.74 per share, for a total transaction of $13,823.30. Following the completion of the transaction, the insider now directly owns 3,042,066 shares of the company’s stock, valued at $8,335,260.84. This trade represents a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fluent Stock Up 5.7 %

Shares of Fluent stock opened at $2.76 on Friday. The business has a 50-day moving average of $2.98 and a 200-day moving average of $3.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. Fluent, Inc. has a 1-year low of $2.31 and a 1-year high of $4.78.

Wall Street Analyst Weigh In

FLNT has been the subject of several recent analyst reports. Canaccord Genuity Group lowered their target price on Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th. StockNews.com initiated coverage on Fluent in a research note on Sunday, December 1st. They set a “hold” rating for the company.

Fluent Company Profile

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.