Several other research analysts have also weighed in on the company. Barrington Research set a $5.00 target price on Fluent and gave the stock a “buy” rating in a report on Friday, August 16th. Zacks Investment Research upgraded Fluent from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Fluent has an average rating of “Hold” and a consensus price target of $6.58.
NASDAQ:FLNT opened at $2.51 on Thursday. Fluent has a 12-month low of $2.32 and a 12-month high of $7.47. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $190.81 million, a P/E ratio of 25.10, a P/E/G ratio of 0.82 and a beta of 1.18. The stock’s fifty day simple moving average is $2.75 and its 200-day simple moving average is $4.64.
Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Fluent had a return on equity of 4.51% 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 quarter in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. As a group, equities research analysts expect that Fluent will post 0.08 earnings per share for the current year.
In other Fluent news, CEO Ryan Schulke bought 31,500 shares of Fluent stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $3.16 per share, for a total transaction of $99,540.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Donald Huntley Patrick bought 15,000 shares of Fluent stock in a transaction on Wednesday, August 21st. The shares were acquired at an average price of $3.08 per share, for a total transaction of $46,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 150,500 shares of company stock worth $453,220. Corporate insiders own 20.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Ausdal Financial Partners Inc. bought a new position in Fluent during the second quarter worth about $56,000. A.R.T. Advisors LLC bought a new stake in shares of Fluent in the second quarter valued at about $59,000. Comprehensive Portfolio Management LLC bought a new stake in shares of Fluent in the second quarter valued at about $63,000. Strs Ohio bought a new stake in shares of Fluent in the second quarter valued at about $100,000. Finally, Algert Global LLC bought a new stake in shares of Fluent in the second quarter valued at about $107,000. Hedge funds and other institutional investors own 33.59% of the company’s stock.
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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