Fluent Inc (FLNT) Receives Consensus Recommendation of “Strong Buy” from Brokerages

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

Brokerages have set a twelve-month consensus target price of $8.75 for the company and are anticipating that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Fluent an industry rank of 70 out of 256 based on the ratings given to its competitors.

FLNT has been the subject of a number of research reports. ValuEngine upgraded Fluent from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Roth Capital downgraded Fluent from a “buy” rating to a “neutral” rating in a report on Thursday, March 14th. Barrington Research increased their price objective on Fluent from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research downgraded Fluent from a “hold” rating to a “sell” rating in a report on Tuesday.

NASDAQ:FLNT opened at $5.43 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The stock has a market cap of $415.56 million, a P/E ratio of 54.30, a PEG ratio of 0.81 and a beta of 0.66. Fluent has a 52-week low of $1.95 and a 52-week high of $7.47.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $66.56 million for the quarter, compared to the consensus estimate of $65.61 million. Fluent had a return on equity of 5.55% and a net margin of 3.76%. On average, research analysts predict that Fluent will post 0.18 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in Fluent by 73.3% in the first quarter. Jane Street Group LLC now owns 47,606 shares of the company’s stock valued at $268,000 after purchasing an additional 20,128 shares in the last quarter. RMB Capital Management LLC bought a new position in Fluent in the first quarter valued at approximately $117,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Fluent by 34.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,000 shares of the company’s stock valued at $51,000 after purchasing an additional 2,300 shares in the last quarter. Morgan Stanley grew its stake in Fluent by 26.9% in the first quarter. Morgan Stanley now owns 272,090 shares of the company’s stock valued at $1,529,000 after purchasing an additional 57,680 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new position in Fluent in the first quarter valued at approximately $1,622,000. Hedge funds and other institutional investors own 26.24% of the company’s stock.

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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