Analysts Set $8.75 Price Target for Fluent Inc (NASDAQ:FLNT)

Fluent Inc (NASDAQ:FLNT) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. Fluent’s rating score has improved by 50% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 12 month consensus price objective of $8.75 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 83 out of 256 based on the ratings given to its competitors.

FLNT has been the topic of several analyst reports. Barrington Research reiterated a “buy” rating and set a $8.00 target price on shares of Fluent in a research report on Thursday, May 9th. Roth Capital downgraded Fluent from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. ValuEngine upgraded Fluent from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Finally, Zacks Investment Research downgraded Fluent from a “hold” rating to a “sell” rating in a research report on Monday, March 18th.

Large investors have recently bought and sold shares of the business. Tieton Capital Management LLC raised its position in shares of Fluent by 15.2% during the 1st quarter. Tieton Capital Management LLC now owns 730,840 shares of the company’s stock worth $4,107,000 after purchasing an additional 96,635 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Fluent during the 1st quarter worth about $241,000. Timpani Capital Management LLC acquired a new position in shares of Fluent during the 1st quarter worth about $407,000. Alambic Investment Management L.P. acquired a new position in shares of Fluent during the 1st quarter worth about $97,000. Finally, Acadian Asset Management LLC raised its position in shares of Fluent by 205.2% during the 1st quarter. Acadian Asset Management LLC now owns 69,432 shares of the company’s stock worth $390,000 after purchasing an additional 46,679 shares during the last quarter. 27.29% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ FLNT traded down $0.16 on Wednesday, hitting $4.87. 262,400 shares of the company traded hands, compared to its average volume of 437,323. The firm has a market cap of $380.33 million, a P/E ratio of 48.70, a price-to-earnings-growth ratio of 0.66 and a beta of 0.94. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $5.43. Fluent has a 52-week low of $1.95 and a 52-week high of $7.47.

Fluent (NASDAQ:FLNT) last released its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $65.61 million. Fluent had a net margin of 3.76% and a return on equity of 5.55%. As a group, analysts anticipate that Fluent will post 0.19 EPS for the current year.

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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