Fluent Inc (NASDAQ:FLNT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. Fluent’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus price objective of $8.75 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 194 out of 256 based on the ratings given to related companies.
Several research firms have recently commented on FLNT. Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a report on Monday. Roth Capital lifted their price objective on NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Barrington Research lifted their price objective on Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, May 29th. Finally, ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in Fluent by 43.9% in the fourth quarter. Rhumbline Advisers now owns 43,408 shares of the company’s stock valued at $156,000 after acquiring an additional 13,250 shares during the last quarter. Acadian Asset Management LLC bought a new position in Fluent during the fourth quarter worth about $82,000. BlackRock Inc. boosted its holdings in Fluent by 7.2% during the fourth quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock worth $6,472,000 after buying an additional 121,479 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Fluent by 27.2% during the fourth quarter. Bank of New York Mellon Corp now owns 141,004 shares of the company’s stock worth $507,000 after buying an additional 30,162 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Fluent by 86.8% during the fourth quarter. GSA Capital Partners LLP now owns 103,700 shares of the company’s stock worth $373,000 after buying an additional 48,200 shares during the last quarter. Hedge funds and other institutional investors own 27.30% of the company’s stock.
NASDAQ FLNT traded down $0.08 during trading hours on Friday, reaching $5.38. 271,219 shares of the stock traded hands, compared to its average volume of 435,733. The firm has a 50 day moving average price of $5.29. Fluent has a 1 year low of $1.95 and a 1 year 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 firm has a market cap of $412.90 million, a P/E ratio of 53.80, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96.
Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $65.61 million. Fluent had a net margin of 3.76% and a return on equity of 5.55%. On average, equities research analysts expect that Fluent will post 0.19 earnings per share 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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