Fluent (FLNT) Shares Down 7.8%

Shares of Fluent Inc (NASDAQ:FLNT) traded down 7.8% during trading on Monday . The stock traded as low as $6.41 and last traded at $6.47. 802,147 shares traded hands during trading, an increase of 93% from the average session volume of 414,929 shares. The stock had previously closed at $7.02.

Several analysts have recently commented on the company. Zacks Investment Research cut Fluent from a “hold” rating to a “sell” rating in a report on Tuesday. Barrington Research reiterated a “buy” rating and issued a $8.00 price target on shares of Fluent in a report on Thursday, May 9th. Roth Capital upgraded Fluent from a “neutral” rating to a “buy” rating and raised their price target for the company from $5.50 to $8.50 in a report on Thursday, May 9th. Finally, ValuEngine upgraded Fluent from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. One analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $6.75.

The firm has a market cap of $447.72 million, a PE ratio of 58.50, a PEG ratio of 0.90 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 2.05.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $70.80 million during the quarter, compared to the consensus estimate of $65.93 million. Fluent had a net margin of 3.76% and a return on equity of 5.55%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities analysts expect that Fluent Inc will post 0.18 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in Fluent in the fourth quarter valued at about $37,000. Two Sigma Investments LP acquired a new position in Fluent in the fourth quarter valued at about $48,000. Ladenburg Thalmann Financial Services Inc. lifted 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 buying an additional 2,300 shares during the period. New York State Common Retirement Fund lifted its stake in Fluent by 39.3% in the first quarter. New York State Common Retirement Fund now owns 10,629 shares of the company’s stock valued at $60,000 after buying an additional 3,000 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in Fluent in the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 26.24% of the company’s stock.

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Fluent Company Profile (NASDAQ:FLNT)

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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