Fluent Inc (NASDAQ:FLNT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $4.20 for the company and are expecting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 86 out of 255 based on the ratings given to its competitors.

FLNT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Fluent from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Barrington Research reissued a “buy” rating and set a $4.00 target price on shares of Fluent in a research report on Thursday, May 10th. Finally, ValuEngine raised shares of Fluent from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd.

Shares of Fluent stock traded up $0.20 during trading hours on Friday, reaching $2.40. 809,714 shares of the company’s stock were exchanged, compared to its average volume of 225,317. Fluent has a fifty-two week low of $1.89 and a fifty-two week high of $5.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 1.85. The company has a market cap of $165.64 million, a price-to-earnings ratio of -3.33 and a beta of -0.03.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $56.94 million during the quarter, compared to the consensus estimate of $59.00 million. Fluent had a negative net margin of 19.23% and a negative return on equity of 7.44%. sell-side analysts expect that Fluent will post 0.16 earnings per share for the current year.

In related news, insider Matthew Conlin bought 44,600 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were purchased at an average cost of $2.51 per share, for a total transaction of $111,946.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Michael Brauser sold 300,000 shares of the business’s stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $2.38, for a total transaction of $714,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have bought 644,600 shares of company stock valued at $1,761,946 and have sold 1,730,000 shares valued at $4,389,000. Insiders own 18.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in Fluent during the 2nd quarter worth approximately $106,000. Dimensional Fund Advisors LP purchased a new stake in Fluent during the 2nd quarter valued at $130,000. Schwab Charles Investment Management Inc. purchased a new stake in Fluent during the 2nd quarter valued at $176,000. WealthTrust Axiom LLC purchased a new stake in Fluent during the 2nd quarter valued at $196,000. Finally, Bank of New York Mellon Corp purchased a new stake in Fluent during the 2nd quarter valued at $272,000. Hedge funds and other institutional investors own 10.63% of the company’s stock.

About Fluent

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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