Fluent Inc (NASDAQ:FLNT) shares fell 2.3% on Monday . The stock traded as low as $2.73 and last traded at $2.99, 12,388 shares were traded during trading. A decline of 96% from the average session volume of 287,309 shares. The stock had previously closed at $3.06.
Several research firms recently weighed in on FLNT. Barrington Research reaffirmed a “buy” rating and set a $9.00 target price on shares of Fluent in a research note on Wednesday, May 29th. Roth Capital raised shares of Fluent from a “neutral” rating to a “buy” rating and raised their target price for the company from $5.50 to $8.50 in a research note on Thursday, May 9th. Zacks Investment Research cut shares of Fluent from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, ValuEngine cut shares of Fluent from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Fluent presently has an average rating of “Hold” and a consensus price target of $7.92.
The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $5.17. The stock has a market capitalization of $238.69 million, a PE ratio of 30.10, a PEG ratio of 0.65 and a beta of 0.85.
Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Fluent had a return on equity of 4.54% and a net margin of 2.87%. The firm had revenue of $70.56 million for the quarter, compared to analysts’ expectations of $66.89 million. During the same period in the prior year, the firm posted $0.07 earnings per share. Fluent’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, equities analysts expect that Fluent Inc will post 0.19 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in FLNT. Allianz Asset Management GmbH bought a new stake in Fluent during the 2nd quarter valued at about $3,232,000. Wells Fargo & Company MN lifted its holdings in Fluent by 318.9% during the 2nd quarter. Wells Fargo & Company MN now owns 688,689 shares of the company’s stock valued at $3,705,000 after buying an additional 524,296 shares in the last quarter. Millennium Management LLC bought a new stake in Fluent during the 4th quarter valued at about $1,878,000. JPMorgan Chase & Co. lifted its holdings in Fluent by 186.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 782,038 shares of the company’s stock valued at $4,051,000 after buying an additional 509,124 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Fluent by 1,097.3% during the 2nd quarter. Renaissance Technologies LLC now owns 425,106 shares of the company’s stock valued at $2,287,000 after buying an additional 389,600 shares in the last quarter. Institutional investors own 27.36% of the company’s stock.
About Fluent (NASDAQ:FLNT)
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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