Fluent, Inc. (NASDAQ:FLNT) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC lowered its holdings in Fluent, Inc. (NASDAQ:FLNT) by 80.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 848,698 shares of the company’s stock after selling 3,539,297 shares during the quarter. Fluent accounts for about 1.7% of Tieton Capital Management LLC’s holdings, making the stock its 24th biggest position. Tieton Capital Management LLC owned about 6.21% of Fluent worth $3,064,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after purchasing an additional 23,592 shares in the last quarter. Simplicity Wealth LLC purchased a new position in Fluent in the first quarter valued at about $90,000. Salvus Wealth Management LLC increased its holdings in Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after buying an additional 4,585 shares in the last quarter. JB Capital Partners LP lifted its position in shares of Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Fluent during the 4th quarter worth approximately $71,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FLNT. StockNews.com initiated coverage on Fluent in a research note on Wednesday, September 11th. They issued a “hold” rating for the company. Canaccord Genuity Group dropped their price target on Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th.

Fluent Stock Up 3.4 %

Shares of NASDAQ FLNT opened at $2.74 on Tuesday. The firm’s 50-day moving average is $3.05 and its two-hundred day moving average is $3.22. The company has a market capitalization of $37.43 million, a PE ratio of -0.92 and a beta of 2.24. Fluent, Inc. has a 12-month low of $2.31 and a 12-month high of $4.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97.

Fluent (NASDAQ:FLNT) last posted its earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). The company had revenue of $58.72 million during the quarter, compared to analysts’ expectations of $61.61 million. Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. Equities analysts anticipate that Fluent, Inc. will post -1 EPS for the current fiscal year.

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.