NEW YORK—Patrick Donald Huntley, Chief Executive Officer of Fluent, Inc. (NASDAQ:FLNT), has sold 20,250 shares of the company's common stock. The shares were sold at a weighted average price of $2.67, with prices ranging from $2.56 to $2.74, generating a total value of $54,067. Following this transaction, Huntley retains ownership of 329,063 shares in the company. According to InvestingPro data, the stock appears undervalued despite showing high volatility, with the company's market capitalization currently standing at $55.13 million. Fluent, Inc., formerly known as Cogint, Inc., is a company in the advertising services sector. InvestingPro analysis reveals challenging business conditions, with revenue declining 15.57% over the last twelve months. Get access to 8 more exclusive ProTips and comprehensive financial analysis through InvestingPro's detailed Research Report, available for over 1,400 US stocks.
In other recent news, Fluent Inc. reported a mixed financial picture in its third-quarter earnings call. The company announced a 9.9% revenue increase from the second quarter, reaching $64.5 million, albeit marking a 2.6% decline compared to the same period last year. A significant highlight was the triple-digit year-over-year growth in the Commerce Media Solutions segment, which contributed $10.4 million and 16% of the total revenue. Despite a net loss of $7.9 million, this figure shows an improvement from last year's $33.6 million loss. Fluent anticipates a strong fourth quarter and projects continued growth into 2025, with a particular focus on expanding its Commerce Media Solutions. The company's optimism is also buoyed by the expected decrease in regulatory pressures, particularly on platforms like TikTok, due to the change in the U.S. presidential administration. These are among the recent developments that shape Fluent's financial trajectory.
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