AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

FLNT · NASDAQ · Advertising Agencies

Fluent

Connects advertisers with consumers through commerce media and owned digital properties.

$3.51

After-hours close0.00 (0.00%)

At close$3.51(−5.14%)

Something off on this page? Send us feedback.

Profile

Fluent, Inc.FLNTCommunication Services

Provides performance-based customer acquisition through Commerce Media Solutions and owned-and-operated digital media properties. Advertising inventory, first-party data, and proprietary machine learning connect advertisers with consumers.

Runs customer-acquisition services through Commerce Media Solutions and owned-and-operated digital media properties. Advertising inventory, first-party data, and proprietary machine learning connect advertisers with consumers through its owned-and-operated properties and Commerce Media Solutions marketplace.

Commerce Media Solutions is a newer, evolving part of the business, extending the marketplace beyond owned properties. It reflects a repositioning from the legacy performance-marketing model and is described as a core growth engine.

Serves consumer brands, direct marketers, and agencies with performance-marketing and customer-acquisition services. Retaining and onboarding media partners, favorable economics under long-term agreements, and advertiser demand shape the newer marketplace.

Company facts

CEODonald Patrick

ListedApr 16, 2018

ExchangeNASDAQ

HeadquartersNew York, NY

CountryUnited States

Employees186

CIK0001460329

ISINUS34380C2017

Key statistics

Market cap$104.7M

EPS (ttm)−$0.7700

P/E (ttm)−4.56

ROE-151.7%

P/B13.66

P/S0.5177

Dividend yield—

Beta0.71vs XLC −0.01

Year to date +38.7% · Average volume (30d) 29.5K

Analysts

Price target, next 12 months$5.00+42.5%Median of 3 analysts · vs the Aug 28 close

ConsensusHold1 of 3 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $3.51

High$5.50+56.7%

Median$5.00+42.5%

Low$4.50+28.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Aug 11, 2026	Lake Street	Reiterate	Buy	$5	$5.50
Aug 11, 2026	Canaccord Genuity	Reiterate	Hold	$3.50	$4.50
Apr 23, 2026	Lake Street	Target			$5

Earnings

EPS

Estimate−$0.08

ReportedDue Nov 12, 2026

Revenue

Estimate$50.1M

ReportedDue Nov 12, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 10, 2026Q2 FY26	−$0.15	−$0.13	+11.4%	$44.6M	$48.4M	+8.5%	−3.51%
May 13, 2026Q1 FY26	−$0.21	−$0.19	+9.5%	$48.8M	$44.9M	−8.1%	+12.98%
Mar 9, 2026Q4 FY25	−$0.04	−$0.09	−125.0%	$62.6M	$61.8M	−1.2%	−3.67%
Nov 13, 2025Q3 FY25	−$0.14	−$0.23	−64.3%	$62.9M	$47.0M	−25.2%	−4.95%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$55.2M	$44.7M	$47.0M	$61.8M	$44.9M	$48.4M
Gross profit	$11.4M	$10.3M	$10.9M	$16.3M	$8.4M	$14.0M
Operating income	−$7.1M	−$7.1M	−$6.3M	$937.0K	−$6.2M	−$5.0M
Net income	−$8.3M	−$7.2M	−$7.3M	−$4.3M	−$5.4M	−$6.2M
Diluted EPS	−$0.39	−$0.30	−$0.27	−$0.13	−$0.17	−$0.20
Gross margin	20.7%	23.0%	23.1%	26.4%	18.6%	28.9%
Operating margin	-12.8%	-15.9%	-13.4%	1.5%	-13.8%	-10.2%

Fiscal years (4-quarter sums)FY21 $329.3M · FY22 $361.1M · FY23 $298.4M · FY24 $254.6M · FY25 $208.8M

Revenue by product · Q2 FY26

Owned And Operated$16.3M · 100%

Revenue by geography · FY24

United States$172.7M · 68%

Non-US$81.9M · 32%

Balance sheet, Jun 30, 2026Cash & short-term investments $6.9M · Total debt $34.6M · Total assets $75.1M · Shareholders' equity $8.1M

Dividends

No dividends on record.

Ownership

Institutions 15.51%4.63M sharesInsiders 41.19%12.28M sharesOther 43.30%12.91M shares

Shares outstanding 29.82M · Float 11.46M · 38.5% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Phillip Frost, M.D.	7.87M	24.70%	13D	Jan 28, 2026
Ryan Schulke · director, 10 percent owner, officer: Chief Strategy Officer	4.32M	14.48%	Form 4	Jun 25, 2026
Matthew Conlin · director, 10 percent owner, officer: Chief Customer Officer	3.51M	11.76%	Form 4	Jun 25, 2026
James Geygan · director, 10 percent owner:	3.23M	10.83%	Form 4	Jun 26, 2026
Global Value Investment Corp. · 10 percent owner	3.23M	10.83%	Form 4	Jun 26, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Jun 12, 2026	Global Value Investment Corp.	10 percent owner	+61,368	$2.75
Jun 12, 2026	James Geygan	director, 10 percent owner:	+61,368	$2.75
Sep 9, 2025	Ryan MacNab Perfit	officer: Chief Financial Officer	−3,662	$2.05
Jun 10, 2025	Donald Huntley Patrick	officer: Chief Executive Officer	−1,353	$1.81
Jun 1, 2026	Ryan Schulke	director, 10 percent owner, officer: Chief Strategy Officer	+5,000	$2.07