Fluent Inc (NASDAQ:FLNT) Expected to Post Quarterly Sales of $66.89 Million

Wall Street brokerages expect Fluent Inc (NASDAQ:FLNT) to announce sales of $66.89 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Fluent’s earnings. The highest sales estimate is $67.18 million and the lowest is $66.60 million. Fluent posted sales of $56.94 million during the same quarter last year, which suggests a positive year over year growth rate of 17.5%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, August 8th.

On average, analysts expect that Fluent will report full-year sales of $290.62 million for the current financial year, with estimates ranging from $286.79 million to $294.45 million. For the next fiscal year, analysts forecast that the business will report sales of $333.76 million, with estimates ranging from $328.90 million to $338.62 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Fluent.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $66.56 million for the quarter, compared to the consensus estimate of $65.61 million.

A number of research firms have weighed in on FLNT. Zacks Investment Research downgraded Fluent from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Barrington Research reiterated a “buy” rating and issued a $9.00 price target on shares of Fluent in a research note on Wednesday, May 29th. ValuEngine lowered Fluent from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Roth Capital upgraded Fluent from a “neutral” rating to a “buy” rating and increased their price target for the stock from $5.50 to $8.50 in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.92.

FLNT stock opened at $4.77 on Friday. Fluent has a fifty-two week low of $1.95 and a fifty-two week high of $7.47. The stock’s 50 day moving average price is $5.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $372.22 million, a P/E ratio of 47.70, a price-to-earnings-growth ratio of 0.64 and a beta of 0.85.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLNT. Timpani Capital Management LLC acquired a new stake in shares of Fluent in the 1st quarter worth $407,000. BlackRock Inc. increased its position in Fluent by 7.2% in the fourth quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock worth $6,472,000 after purchasing an additional 121,479 shares during the period. Millennium Management LLC acquired a new stake in Fluent in the fourth quarter worth about $1,878,000. Tieton Capital Management LLC increased its position in 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. Finally, Two Sigma Investments LP acquired a new stake in Fluent in the fourth quarter worth about $48,000. 27.36% of the stock is owned by institutional investors and hedge funds.

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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