Fluent (NASDAQ:FLNT) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Posted by Lisa Pomrenke on Nov 14th, 2019

Fluent (NASDAQ:FLNT) posted its quarterly earnings data on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08), Fidelity Earnings reports. Fluent had a positive return on equity of 0.22% and a negative net margin of 0.39%. The company had revenue of $64.60 million for the quarter, compared to the consensus estimate of $69.60 million. The business’s revenue for the quarter was down 2.9% on a year-over-year basis.

Shares of Fluent stock traded down $0.05 during trading on Thursday, hitting $1.65. 12,682 shares of the company’s stock traded hands, compared to its average volume of 248,130. 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 firm’s fifty day moving average price is $2.54 and its 200 day moving average price is $4.24. Fluent has a twelve month low of $1.50 and a twelve month high of $7.47. The company has a market cap of $194.99 million, a PE ratio of 16.30, a PEG ratio of 0.79 and a beta of 1.12.

FLNT has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Fluent from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Barrington Research lowered shares of Fluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday. ValuEngine upgraded shares of Fluent from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TheStreet lowered shares of Fluent from a “c” rating to a “d+” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.58.

In other Fluent news, Director Peter Benz bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of $3.05 per share, for a total transaction of $61,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Donald Huntley Patrick bought 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $3.08 per share, for a total transaction of $46,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 119,000 shares of company stock worth $353,680. 20.20% of the stock is owned by company insiders.

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.

Fluent (NASDAQ:FLNT) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

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