Zacks: Fluent Inc (NASDAQ:FLNT) Given Consensus Rating of “Strong Buy” by Brokerages

Fluent Inc (NASDAQ:FLNT) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $5.80 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 101 out of 256 based on the ratings given to its competitors.

FLNT has been the subject of a number of research analyst reports. Barrington Research set a $5.00 price target on shares of Fluent and gave the stock a “buy” rating in a research report on Friday, August 16th. ValuEngine lowered shares of Fluent from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research downgraded Fluent from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

Fluent stock traded up $0.15 during midday trading on Friday, hitting $3.05. 366,564 shares of the stock were exchanged, compared to its average volume of 423,361. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.24 and a quick ratio of 2.24. The company has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $5.22. The firm has a market cap of $221.87 million, a P/E ratio of 30.50, a P/E/G ratio of 0.84 and a beta of 1.15. Fluent has a 1 year low of $1.95 and a 1 year high of $7.47.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Fluent had a return on equity of 4.51% and a net margin of 2.87%. The company had revenue of $70.56 million for the quarter, compared to analyst estimates of $66.89 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. As a group, analysts predict that Fluent will post 0.08 EPS for the current year.

In other Fluent news, major shareholder Matthew Conlin purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $2.85 per share, for a total transaction of $71,250.00. Following the transaction, the insider now directly owns 5,325,229 shares in the company, valued at $15,176,902.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Schulke bought 34,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $2.97 per share, with a total value of $100,980.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 150,500 shares of company stock valued at $453,220. 20.20% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in FLNT. Ausdal Financial Partners Inc. bought a new position in Fluent during the second quarter worth about $56,000. A.R.T. Advisors LLC acquired a new position in shares of Fluent in the 2nd quarter valued at approximately $59,000. Comprehensive Portfolio Management LLC bought a new stake in Fluent during the 2nd quarter worth approximately $63,000. Alambic Investment Management L.P. bought a new stake in Fluent during the 1st quarter worth approximately $97,000. Finally, Strs Ohio acquired a new stake in Fluent during the 2nd quarter worth approximately $100,000. Institutional investors own 33.94% of the company’s stock.

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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