Fluent (NASDAQ:FLNT) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Fluent (NASDAQ:FLNT) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm currently has $6.25 price target on the stock.

According to Zacks, “Fluent Inc. provides data-driven performance marketing services. The company is the trusted acquisition partner for both established and growing brands. It creates marketing programs which deliver better digital advertising experiences for consumers and measurable results for advertisers. Fluent Inc., formerly known as COGINT INC, is headquartered in New York City. “

A number of other research firms have also weighed in on FLNT. Roth Capital upped their target price on shares of NV5 Global from $90.00 to $96.00 and gave the stock a buy rating in a report on Thursday, May 9th. Barrington Research increased their price objective on shares of Lions Gate Entertainment to $18.00 and gave the company an outperform rating in a research note on Wednesday, May 29th. Finally, ValuEngine lowered shares of Zuora from a buy rating to a hold rating in a research note on Saturday, June 1st. Four investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of $7.92.

FLNT opened at $5.81 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. Fluent has a fifty-two week low of $1.95 and a fifty-two week high of $7.47. The firm has a market cap of $428.25 million, a price-to-earnings ratio of 58.10, a PEG ratio of 0.73 and a beta of 0.96. The stock has a 50-day simple moving average of $5.23.

Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Fluent had a return on equity of 5.55% and a net margin of 3.76%. The business had revenue of $66.56 million during the quarter, compared to analyst estimates of $65.61 million. Sell-side analysts predict that Fluent will post 0.19 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in FLNT. WINTON GROUP Ltd boosted its position in shares of Fluent by 113.5% in the second quarter. WINTON GROUP Ltd now owns 21,371 shares of the company’s stock worth $115,000 after purchasing an additional 11,362 shares during the period. Tieton Capital Management LLC boosted its position in shares of Fluent by 15.2% in the first 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 period. O Shaughnessy Asset Management LLC bought a new position in shares of Fluent in the first quarter worth approximately $241,000. Timpani Capital Management LLC bought a new position in shares of Fluent in the first quarter worth approximately $407,000. Finally, Alambic Investment Management L.P. bought a new position in shares of Fluent in the first quarter worth approximately $97,000. 27.29% of the stock is owned by hedge funds and other institutional investors.

About Fluent

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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