Analysts Set $4.20 Price Target for Fluent Inc (FLNT)

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

Brokerages have set a 1 year consensus target price of $4.20 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Fluent an industry rank of 101 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Fluent from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Thursday, August 9th.

In related news, major shareholder Michael Brauser sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $2.34, for a total value of $819,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew Conlin purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average price of $2.07 per share, for a total transaction of $51,750.00. The disclosure for this purchase can be found here. Insiders purchased 170,000 shares of company stock worth $397,300 in the last 90 days. 18.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FLNT. Private Advisor Group LLC purchased a new position in Fluent in the second quarter valued at approximately $106,000. Dimensional Fund Advisors LP purchased a new position in Fluent in the second quarter valued at approximately $130,000. Schwab Charles Investment Management Inc. purchased a new position in Fluent in the second quarter valued at approximately $176,000. WealthTrust Axiom LLC purchased a new position in Fluent in the second quarter valued at approximately $196,000. Finally, Bank of America Corp DE purchased a new position in Fluent in the second quarter valued at approximately $235,000. Hedge funds and other institutional investors own 11.72% of the company’s stock.

FLNT opened at $2.37 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 1.82. Fluent has a 1 year low of $1.89 and a 1 year high of $5.27. The company has a market capitalization of $161.87 million, a P/E ratio of -3.29 and a beta of 0.68.

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

Fluent Company Profile

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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