Shares of Fluent Inc (NASDAQ:FLNT) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation. Fluent’s rating score has improved by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $8.75 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Fluent an industry rank of 99 out of 256 based on the ratings given to related companies.
Several equities research analysts have recently issued reports on FLNT shares. ValuEngine lowered shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Roth Capital increased their target price on shares of NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Barrington Research increased their target price on shares of Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Timpani Capital Management LLC acquired a new position in shares of Fluent during the 1st quarter worth about $407,000. Acadian Asset Management LLC acquired a new position in shares of Fluent during the 4th quarter worth about $82,000. BlackRock Inc. raised its position 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 last quarter. Millennium Management LLC acquired a new position in shares of Fluent during the 4th quarter worth about $1,878,000. Finally, Tieton Capital Management LLC raised its position in shares of Fluent by 15.2% during the 1st quarter. Tieton Capital Management LLC now owns 730,840 shares of the company’s stock worth $4,107,000 after purchasing an additional 96,635 shares during the last quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.
NASDAQ:FLNT traded up $0.23 during mid-day trading on Friday, hitting $5.81. The company’s stock had a trading volume of 228,437 shares, compared to its average volume of 440,155. The business’s fifty day moving average price is $5.23. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29. Fluent has a 1 year low of $1.95 and a 1 year high of $7.47. The company has a market capitalization of $429.03 million, a PE ratio of 58.10, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96.
Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Fluent had a return on equity of 5.55% and a net margin of 3.76%. The firm had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $65.61 million. On average, equities research analysts predict that Fluent will post 0.19 EPS for the current fiscal year.
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.
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