Fluent (NASDAQ:FLNT) Issues Earnings Results

Fluent (NASDAQ:FLNT – Get Rating) issued its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01), Yahoo Finance reports. The business had revenue of $84.66 million during the quarter, compared to analyst estimates of $89.34 million. Fluent had a negative net margin of 13.82% and a positive return on equity of 1.83%.

Fluent Trading Down 2.4 %

NASDAQ:FLNT opened at $0.75 on Friday. Fluent has a one year low of $0.64 and a one year high of $2.36. The company’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.01 and a quick ratio of 2.01.

Wall Street Analyst Weigh In

Several analysts have commented on FLNT shares. Barrington Research lowered shares of Fluent from an “outperform” rating to a “market perform” rating in a report on Thursday. StockNews.com started coverage on Fluent in a research report on Thursday. They set a “buy” rating on the stock.

Hedge Funds Weigh In On Fluent

Several large investors have recently made changes to their positions in the business. Panagora Asset Management Inc. bought a new position in Fluent during the 1st quarter valued at approximately $28,000. Prudential Financial Inc. bought a new stake in Fluent during the 2nd quarter valued at about $34,000. Cubist Systematic Strategies LLC purchased a new position in Fluent in the second quarter worth about $68,000. BNP Paribas Arbitrage SA lifted its stake in shares of Fluent by 204.5% in the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after buying an additional 37,660 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Fluent by 64.9% during the third quarter. Bank of New York Mellon Corp now owns 96,459 shares of the company’s stock valued at $131,000 after buying an additional 37,956 shares during the last quarter. 26.54% of the stock is currently owned by hedge funds and other institutional investors.

Fluent Company Profile

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Fluent, Inc engages in the provision of digital marketing services. It operates through the Fluent and All Other segments. The Fluent segment includes delivering data and performance-based marketing executions. The All Other segment represents the operation results of AdParlor, LLC, a digital advertising solution for social media buying.