Shares of Fluent Inc (NASDAQ:FLNT) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price objective of $7.80 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 108 out of 256 based on the ratings given to its competitors.
A number of research firms have commented on FLNT. Roth Capital raised shares of Fluent from a “neutral” rating to a “buy” rating and upped their price objective for the company from $5.50 to $8.50 in a research note on Thursday, May 9th. Barrington Research reaffirmed a “buy” rating and set a $9.00 price objective on shares of Fluent in a research note on Wednesday, May 29th. ValuEngine lowered shares of Fluent from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of Fluent from a “buy” rating to a “hold” rating in a research note on Monday, July 15th.
A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in Fluent by 3.4% during the first quarter. Rhumbline Advisers now owns 44,883 shares of the company’s stock valued at $252,000 after buying an additional 1,475 shares in the last quarter. Stone Ridge Asset Management LLC lifted its stake in Fluent by 9.5% during the second quarter. Stone Ridge Asset Management LLC now owns 27,733 shares of the company’s stock valued at $149,000 after buying an additional 2,400 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in Fluent during the second quarter valued at about $56,000. Squarepoint Ops LLC purchased a new stake in Fluent during the fourth quarter valued at about $37,000. Finally, WINTON GROUP Ltd lifted its stake in Fluent by 113.5% during the second quarter. WINTON GROUP Ltd now owns 21,371 shares of the company’s stock valued at $115,000 after buying an additional 11,362 shares in the last quarter. 27.36% of the stock is owned by institutional investors.
Shares of NASDAQ:FLNT traded down $1.86 during trading hours on Friday, hitting $3.06. 2,048,551 shares of the company’s stock traded hands, compared to its average volume of 287,309. Fluent has a 52 week low of $1.95 and a 52 week high of $7.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.29 and a current ratio of 2.29. The company’s fifty day simple moving average is $5.30. The stock has a market cap of $377.59 million, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 0.65 and a beta of 0.85.
Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Fluent had a net margin of 2.87% and a return on equity of 4.54%. The business had revenue of $70.56 million for the quarter, compared to the consensus estimate of $66.89 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts expect that Fluent will post 0.19 EPS for the current fiscal year.
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.
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