Fluent Inc (NASDAQ:FLNT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $4.25 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 221 out of 257 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on FLNT shares. Zacks Investment Research raised Fluent from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Thursday, August 9th. Barrington Research reaffirmed a “buy” rating and set a $4.00 price objective on shares of Fluent in a research note on Thursday, November 8th. Finally, TheStreet raised Fluent from a “d+” rating to a “c” rating in a research note on Friday, November 23rd.
In other news, insider Matthew Conlin bought 25,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was bought at an average cost of $2.07 per share, for a total transaction of $51,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 18.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Weber Alan W purchased a new stake in Fluent in the third quarter worth about $4,726,000. BlackRock Inc. lifted its holdings in Fluent by 1.0% in the third quarter. BlackRock Inc. now owns 1,676,214 shares of the company’s stock worth $3,603,000 after buying an additional 16,508 shares during the period. Vanguard Group Inc. lifted its holdings in Fluent by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,384,474 shares of the company’s stock worth $2,976,000 after buying an additional 22,553 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Fluent in the second quarter worth about $2,487,000. Finally, Akanthos Capital Management LLC purchased a new stake in Fluent in the second quarter worth about $1,470,000. Institutional investors and hedge funds own 15.73% of the company’s stock.
Shares of Fluent stock traded up $0.18 during trading on Friday, hitting $4.09. The stock had a trading volume of 8,213 shares, compared to its average volume of 563,598. The stock has a market cap of $271.05 million, a P/E ratio of -5.68, a PEG ratio of 0.47 and a beta of 0.52. Fluent has a 12 month low of $1.89 and a 12 month high of $5.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.92 and a current ratio of 1.92.
Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Fluent had a negative net margin of 10.70% and a positive return on equity of 1.61%. The firm had revenue of $66.54 million for the quarter, compared to analysts’ expectations of $60.52 million. Sell-side analysts predict that Fluent will post 0.19 earnings per share for the current year.
Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.
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