Fluent (NASDAQ:FLNT) announced its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02), Morningstar.com reports. The firm had revenue of $70.80 million during the quarter, compared to the consensus estimate of $65.93 million. Fluent had a negative net margin of 10.70% and a positive return on equity of 1.61%. Fluent’s quarterly revenue was up 25.3% compared to the same quarter last year. Fluent updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.
NASDAQ:FLNT opened at $5.31 on Friday. The company has a market cap of $444.21 million, a PE ratio of -7.38, a P/E/G ratio of 0.70 and a beta of 0.56. Fluent has a 52 week low of $1.95 and a 52 week high of $6.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.92.
FLNT has been the subject of several recent research reports. Zacks Investment Research lowered Fluent from a “buy” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine raised Fluent from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. TheStreet raised Fluent from a “d+” rating to a “c” rating in a report on Friday, November 23rd. Barrington Research upped their target price on Fluent from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Roth Capital lowered Fluent from a “buy” rating to a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $5.88.
Several large investors have recently bought and sold shares of the company. Virtu Financial LLC grew its holdings in shares of Fluent by 15.6% during the fourth quarter. Virtu Financial LLC now owns 26,514 shares of the company’s stock valued at $95,000 after purchasing an additional 3,585 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Fluent during the fourth quarter valued at approximately $37,000. Rhumbline Advisers grew its holdings in shares of Fluent by 43.9% during the fourth quarter. Rhumbline Advisers now owns 43,408 shares of the company’s stock valued at $156,000 after purchasing an additional 13,250 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Fluent during the fourth quarter valued at approximately $48,000. Finally, BlackRock Inc. grew its holdings in shares of Fluent by 1.0% during the third quarter. BlackRock Inc. now owns 1,676,214 shares of the company’s stock valued at $3,603,000 after purchasing an additional 16,508 shares during the last quarter. 25.98% of the stock is owned by institutional investors.
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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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