Fluent (NASDAQ:FLNT) announced its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03), Fidelity Earnings reports. Fluent had a net margin of 2.87% and a return on equity of 4.54%. The firm had revenue of $70.56 million during the quarter, compared to analyst estimates of $66.89 million. During the same period in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. Fluent updated its FY 2019 guidance to EPS.
Shares of NASDAQ FLNT traded down $1.86 on Friday, reaching $3.06. 2,048,551 shares of the company traded hands, compared to its average volume of 287,309. Fluent has a fifty-two week low of $1.95 and a fifty-two week high of $7.47. The firm’s 50 day moving average is $5.30. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $377.59 million, a PE ratio of 30.60, a PEG ratio of 0.65 and a beta of 0.85.
Several brokerages recently weighed in on FLNT. Zacks Investment Research downgraded shares of Fluent from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. ValuEngine downgraded shares of Fluent from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barrington Research reissued a “buy” rating and issued a $9.00 target price on shares of Fluent in a research note on Wednesday, May 29th. Finally, Roth Capital raised shares of Fluent from a “neutral” rating to a “buy” rating and boosted their target price for the company from $5.50 to $8.50 in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Fluent currently has an average rating of “Buy” and a consensus price target of $7.92.
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.
Featured Article: What is the Current Ratio?
Receive News & Ratings for Fluent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluent and related companies with MarketBeat.com's FREE daily email newsletter.