Brokerages Expect Fluent Inc (NASDAQ:FLNT) to Post $0.02 EPS

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

Brokers have set a 1-year consensus price target 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 219 out of 255 based on the ratings given to its competitors.

FLNT has been the topic of several analyst reports. ValuEngine raised shares of Fluent from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Fluent from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Barrington Research set a $5.00 target price on shares of Fluent and gave the stock a “buy” rating in a research note on Friday, August 16th.

Shares of NASDAQ FLNT opened at $2.43 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.27. Fluent has a 52 week low of $2.26 and a 52 week high of $7.47. The firm’s fifty day moving average is $2.61 and its 200 day moving average is $4.33. The company has a market cap of $193.45 million, a price-to-earnings ratio of 24.30, a PEG ratio of 0.79 and a beta of 1.12.

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

In other news, major shareholder Matthew Conlin bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $2.85 per share, with a total value of $71,250.00. Following the completion of the purchase, 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 available at this link. Also, CEO Ryan Schulke bought 31,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $3.16 per share, for a total transaction of $99,540.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 150,500 shares of company stock worth $453,220. 20.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in FLNT. Ausdal Financial Partners Inc. bought a new stake in Fluent in the second quarter valued at $56,000. Cadence Capital Management LLC bought a new stake in Fluent in the third quarter valued at $56,000. A.R.T. Advisors LLC bought a new stake in Fluent in the second quarter valued at $59,000. Comprehensive Portfolio Management LLC bought a new stake in Fluent in the second quarter valued at $63,000. Finally, Alberta Investment Management Corp bought a new stake in Fluent in the third quarter valued at $80,000. Institutional investors and hedge funds own 33.42% 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.

Recommended Story: How to invest in a bear market

Get a free copy of the Zacks research report on Fluent (FLNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.