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 report report published on Wednesday morning, Zacks.com reports. The brokerage currently has $6.25 price objective 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. “

Several other equities research analysts also recently weighed in on FLNT. Roth Capital increased their target price on shares of NV5 Global from $90.00 to $96.00 and gave the company a buy rating in a research note on Thursday, May 9th. Barrington Research increased their target price 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 downgraded 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, Fluent currently has a consensus rating of Buy and a consensus target price of $7.92.

Shares of FLNT opened at $5.81 on Wednesday. Fluent has a twelve month low of $1.95 and a twelve month high of $7.47. The stock has a market capitalization of $428.25 million, a P/E ratio of 58.10, a P/E/G ratio of 0.73 and a beta of 0.96. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $5.23.

Fluent (NASDAQ:FLNT) last announced 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). Fluent had a net margin of 3.76% and a return on equity of 5.55%. The firm had revenue of $66.56 million during the quarter, compared to analysts’ expectations of $65.61 million. As a group, sell-side analysts forecast that Fluent will post 0.19 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in Fluent in the 4th quarter worth about $37,000. Two Sigma Investments LP purchased a new position in Fluent in the 4th quarter worth about $48,000. Alambic Investment Management L.P. purchased a new position in Fluent in the 1st quarter worth about $97,000. Gotham Asset Management LLC purchased a new position in Fluent in the 4th quarter worth about $64,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Fluent in the 4th quarter worth about $71,000. 27.29% of the stock is currently owned by institutional investors.

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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