Shares of Fluent Inc (NASDAQ:FLNT) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Fluent’s rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a 12 month consensus target price of $6.75 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 78 out of 255 based on the ratings given to its competitors.

A number of research analysts recently commented on FLNT shares. Zacks Investment Research downgraded shares of Fluent from a “hold” rating to a “sell” rating in a report on Monday, March 18th. Barrington Research increased their price target on shares of Fluent from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Roth Capital downgraded shares of Fluent from a “buy” rating to a “neutral” rating in a report on Thursday, March 14th. Finally, ValuEngine raised shares of Fluent from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th.

FLNT stock traded down $0.06 during trading on Wednesday, reaching $6.37. The company’s stock had a trading volume of 403,063 shares, compared to its average volume of 414,933. Fluent has a 1 year low of $1.95 and a 1 year high of $6.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $482.40 million, a PE ratio of 63.70, a PEG ratio of 0.81 and a beta of 0.57.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Fluent had a positive return on equity of 6.23% and a negative net margin of 7.16%. The business had revenue of $70.80 million during the quarter, compared to analysts’ expectations of $65.93 million. The company’s revenue was up 25.3% on a year-over-year basis. On average, sell-side analysts forecast that Fluent will post 0.2 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in Fluent during the fourth quarter valued at $82,000. Vanguard Group Inc. boosted its holdings in Fluent by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,384,474 shares of the company’s stock valued at $2,976,000 after purchasing an additional 22,553 shares during the last quarter. Weber Alan W acquired a new position in Fluent in the 3rd quarter valued at about $4,726,000. Bank of Montreal Can lifted its holdings in shares of Fluent by 14,248.9% in the 4th quarter. Bank of Montreal Can now owns 32,285 shares of the company’s stock worth $116,000 after acquiring an additional 32,060 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of Fluent by 15.6% in the 4th quarter. Virtu Financial LLC now owns 26,514 shares of the company’s stock worth $95,000 after acquiring an additional 3,585 shares during the last quarter. 25.83% of the stock is currently owned by institutional investors.

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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