Fluent (FLNT) Reaches New 1-Year High at $6.39

Shares of Fluent Inc (NASDAQ:FLNT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.39 and last traded at $6.28, with a volume of 310442 shares. The stock had previously closed at $6.12.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Fluent from a “hold” rating to a “sell” rating in a report on Monday, March 18th. Barrington Research raised their price target on Fluent from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Roth Capital downgraded Fluent from a “buy” rating to a “neutral” rating in a report on Thursday, March 14th. Finally, ValuEngine raised Fluent from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Fluent currently has an average rating of “Buy” and a consensus price target of $5.88.

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.25. The stock has a market cap of $464.20 million, a P/E ratio of 61.60, a P/E/G ratio of 0.79 and a beta of 0.57.

Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, March 13th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Fluent had a negative net margin of 7.16% and a positive return on equity of 6.23%. The business had revenue of $70.80 million during the quarter, compared to analyst estimates of $65.93 million. The business’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, research analysts forecast that Fluent Inc will post 0.2 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its position in Fluent by 15.6% in the 4th quarter. Virtu Financial LLC now owns 26,514 shares of the company’s stock valued at $95,000 after acquiring an additional 3,585 shares during the period. Squarepoint Ops LLC acquired a new stake in Fluent in the 4th quarter valued at approximately $37,000. Rhumbline Advisers increased its position in Fluent by 43.9% in the 4th quarter. Rhumbline Advisers now owns 43,408 shares of the company’s stock valued at $156,000 after acquiring an additional 13,250 shares during the period. Two Sigma Investments LP acquired a new stake in Fluent in the 4th quarter valued at approximately $48,000. Finally, BlackRock Inc. increased its position in Fluent by 1.0% in the 3rd quarter. BlackRock Inc. now owns 1,676,214 shares of the company’s stock valued at $3,603,000 after acquiring an additional 16,508 shares during the period. Hedge funds and other institutional investors own 25.83% of the company’s stock.

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About Fluent (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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