Barrington Research Lowers Fluent (NASDAQ:FLNT) to Market Perform

Barrington Research lowered shares of Fluent (NASDAQ:FLNT) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, Briefing.com Automated Import reports.

Several other analysts have also recently commented on FLNT. Zacks Investment Research upgraded Fluent from a sell rating to a hold rating in a research report on Wednesday, October 16th. ValuEngine upgraded Fluent from a sell rating to a hold rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $6.58.

NASDAQ FLNT traded down $0.13 during trading hours on Tuesday, reaching $1.43. The stock had a trading volume of 650,400 shares, compared to its average volume of 342,670. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $130.58 million, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.12. The stock has a fifty day moving average of $2.49 and a 200 day moving average of $4.18. Fluent has a 52-week low of $1.34 and a 52-week high of $7.47.

Fluent (NASDAQ:FLNT) last announced its earnings results on Monday, November 11th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.08). Fluent had a positive return on equity of 0.22% and a negative net margin of 0.39%. The business had revenue of $64.60 million for the quarter, compared to analyst estimates of $69.60 million. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that Fluent will post 0.08 EPS for the current year.

In other news, Director Peter Benz purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of $3.05 per share, for a total transaction of $61,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Donald Huntley Patrick bought 15,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of $3.08 per share, with a total value of $46,200.00. The disclosure for this purchase can be found here. Insiders have purchased 119,000 shares of company stock valued at $353,680 over the last quarter. 20.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. WealthTrust Axiom LLC grew its holdings in Fluent by 5.7% in the 3rd quarter. WealthTrust Axiom LLC now owns 80,611 shares of the company’s stock valued at $220,000 after buying an additional 4,366 shares in the last quarter. Mackay Shields LLC grew its holdings in Fluent by 6.8% in the 3rd quarter. Mackay Shields LLC now owns 302,900 shares of the company’s stock valued at $828,000 after buying an additional 19,300 shares in the last quarter. California Public Employees Retirement System grew its holdings in Fluent by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 235,980 shares of the company’s stock valued at $645,000 after buying an additional 8,877 shares in the last quarter. Hancock Whitney Corp grew its holdings in Fluent by 124.2% in the 3rd quarter. Hancock Whitney Corp now owns 54,437 shares of the company’s stock valued at $149,000 after buying an additional 30,160 shares in the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in Fluent in the 3rd quarter valued at $56,000. Institutional investors own 33.34% of the company’s stock.

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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