Fluent (FLNT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Fluent (NASDAQ:FLNT) from a hold rating to a sell rating in a report published on Monday, Zacks.com reports.

According to Zacks, “Fluent Inc. provides data-driven performance marketing services. The company is the trusted acquisition partner for both established and growing brands. It creates marketing programs which deliver better digital advertising experiences for consumers and measurable results for advertisers. Fluent Inc., formerly known as COGINT INC, is headquartered in New York City. “

Several other analysts also recently commented on the stock. Barrington Research reiterated a buy rating and issued a $8.00 price target on shares of Fluent in a research report on Thursday, May 9th. Roth Capital upgraded shares of Fluent from a neutral rating to a buy rating and upped their price objective for the stock from $5.50 to $8.50 in a research report on Thursday, May 9th. Finally, ValuEngine upgraded shares of Fluent from a buy rating to a strong-buy rating in a research report on Saturday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $6.75.

FLNT stock opened at $5.25 on Monday. Fluent has a 12 month low of $1.95 and a 12 month high of $7.47. The firm has a market capitalization of $401.80 million, a P/E ratio of 52.50, a price-to-earnings-growth ratio of 0.78 and a beta of 0.66. The company has a quick ratio of 2.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Fluent had a net margin of 3.76% and a return on equity of 5.55%. The business had revenue of $66.56 million during the quarter, compared to analysts’ expectations of $65.61 million. On average, equities research analysts forecast that Fluent will post 0.18 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of Fluent during the 4th quarter worth $82,000. Vanguard Group Inc. grew its stake in shares of Fluent by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,384,474 shares of the company’s stock worth $2,976,000 after purchasing an additional 22,553 shares during the period. BlackRock Inc. grew its stake in shares of Fluent by 7.2% during the 4th quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock worth $6,472,000 after purchasing an additional 121,479 shares during the period. Millennium Management LLC acquired a new position in shares of Fluent during the 4th quarter worth $1,878,000. Finally, Bank of Montreal Can grew its stake in shares of Fluent by 14,248.9% during the 4th quarter. Bank of Montreal Can now owns 32,285 shares of the company’s stock worth $116,000 after purchasing an additional 32,060 shares during the period. Institutional investors own 26.24% of the company’s stock.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

Featured Story: Why Invest in Dividend Achievers?

Get a free copy of the Zacks research report on Fluent (FLNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fluent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluent and related companies with MarketBeat.com's FREE daily email newsletter.