Fluent Inc (NASDAQ:FLNT) shares traded up 6% during trading on Tuesday . The company traded as high as $3.34 and last traded at $3.19, 927,042 shares traded hands during mid-day trading. An increase of 113% from the average session volume of 435,800 shares. The stock had previously closed at $3.01.
A number of analysts have recently commented on the company. Zacks Investment Research cut Fluent from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Roth Capital raised Fluent from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.50 to $8.50 in a research report on Thursday, May 9th. ValuEngine cut Fluent from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Barrington Research reissued a “buy” rating and issued a $9.00 price target on shares of Fluent in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Fluent presently has an average rating of “Hold” and a consensus price target of $7.92.
The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $5.14. The company has a market capitalization of $244.82 million, a PE ratio of 31.90, a P/E/G ratio of 0.40 and a beta of 0.85.
Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Fluent had a return on equity of 4.54% and a net margin of 2.87%. The company had revenue of $70.56 million during the quarter, compared to the consensus estimate of $66.89 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, equities analysts predict that Fluent Inc will post 0.19 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Timpani Capital Management LLC purchased a new position in Fluent in the 1st quarter worth approximately $407,000. BlackRock Inc. raised its holdings in Fluent by 7.2% in the 4th quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock worth $6,472,000 after acquiring an additional 121,479 shares during the last quarter. Millennium Management LLC purchased a new position in Fluent in the 4th quarter worth approximately $1,878,000. Tieton Capital Management LLC raised its holdings in Fluent by 15.2% in the 1st quarter. Tieton Capital Management LLC now owns 730,840 shares of the company’s stock worth $4,107,000 after acquiring an additional 96,635 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Fluent during the 4th quarter valued at $48,000. Institutional investors own 28.13% of the company’s stock.
Fluent Company Profile (NASDAQ:FLNT)
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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