Fluent Inc (NASDAQ:FLNT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price objective of $4.20 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Fluent an industry rank of 86 out of 255 based on the ratings given to its competitors.
FLNT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Fluent from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Barrington Research reaffirmed a “buy” rating and issued a $4.00 price target on shares of Fluent in a research note on Thursday, May 10th. Finally, ValuEngine raised shares of Fluent from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd.
Fluent traded up $0.20, hitting $2.40, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 809,714 shares, compared to its average volume of 225,317. The firm has a market cap of $165.64 million, a price-to-earnings ratio of -3.33 and a beta of -0.03. The company has a quick ratio of 1.85, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. Fluent has a 1-year low of $1.89 and a 1-year high of $5.27.
Fluent (NASDAQ:FLNT) last released its earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Fluent had a negative net margin of 19.23% and a negative return on equity of 7.44%. The firm had revenue of $56.94 million during the quarter, compared to analyst estimates of $59.00 million. research analysts expect that Fluent will post 0.16 earnings per share for the current year.
In related news, CEO Ryan Schulke purchased 500,000 shares of the firm’s stock in a transaction on Friday, June 8th. The stock was purchased at an average cost of $2.80 per share, with a total value of $1,400,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Conlin purchased 100,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was bought at an average cost of $2.50 per share, with a total value of $250,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 644,600 shares of company stock valued at $1,761,946 and sold 1,730,000 shares valued at $4,389,000. Insiders own 18.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC bought a new stake in Fluent in the second quarter valued at $106,000. Dimensional Fund Advisors LP bought a new stake in shares of Fluent during the second quarter worth about $130,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Fluent during the second quarter worth about $176,000. WealthTrust Axiom LLC bought a new stake in shares of Fluent during the second quarter worth about $196,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Fluent during the second quarter worth about $272,000. 10.63% of the stock is owned by hedge funds and other institutional investors.
Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.
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