ValuEngine Downgrades Fluent (NASDAQ:FLNT) to Sell

Fluent (NASDAQ:FLNT) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday, ValuEngine reports.

FLNT has been the subject of several other research reports. Zacks Investment Research downgraded shares of Fluent from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Barrington Research reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Fluent in a research report on Wednesday, May 29th. Finally, Roth Capital raised shares of Fluent from a “neutral” rating to a “buy” rating and increased their price objective for the company from $5.50 to $8.50 in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Fluent currently has an average rating of “Hold” and a consensus target price of $7.92.

Shares of NASDAQ:FLNT opened at $3.19 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 2.29. Fluent has a 52-week low of $1.95 and a 52-week high of $7.47. The firm has a 50 day moving average price of $5.14. The firm has a market capitalization of $244.82 million, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.85.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Fluent had a net margin of 2.87% and a return on equity of 4.54%. The firm had revenue of $70.56 million during the quarter, compared to analyst estimates of $66.89 million. During the same period last year, the business earned $0.07 EPS. The firm’s revenue was up 23.9% compared to the same quarter last year. On average, equities research analysts anticipate that Fluent will post 0.19 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Fluent by 53.0% during the second quarter. BlackRock Inc. now owns 2,795,429 shares of the company’s stock worth $15,039,000 after acquiring an additional 968,785 shares during the period. APG Asset Management N.V. acquired a new position in Fluent during the second quarter worth about $944,000. Parametric Portfolio Associates LLC grew its holdings in Fluent by 264.6% during the second quarter. Parametric Portfolio Associates LLC now owns 91,269 shares of the company’s stock worth $491,000 after acquiring an additional 66,239 shares during the period. Alambic Investment Management L.P. grew its holdings in Fluent by 260.6% during the second quarter. Alambic Investment Management L.P. now owns 62,025 shares of the company’s stock worth $334,000 after acquiring an additional 44,825 shares during the period. Finally, Northern Trust Corp grew its holdings in Fluent by 9.0% during the second quarter. Northern Trust Corp now owns 376,150 shares of the company’s stock worth $2,023,000 after acquiring an additional 30,928 shares during the period. 28.13% of the stock is owned by institutional investors and hedge funds.

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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