Zacks: Brokerages Set $8.75 Target Price for Fluent Inc (FLNT)

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

Brokers have set a 1 year consensus target price of $8.75 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 85 out of 256 based on the ratings given to its competitors.

Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Fluent from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Barrington Research reiterated a “buy” rating and issued a $9.00 target price on shares of Fluent in a report on Wednesday. Roth Capital upgraded 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 report on Thursday, May 9th. Finally, ValuEngine lowered shares of Fluent from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th.

FLNT traded up $0.01 on Thursday, reaching $5.16. 503,128 shares of the company’s stock were exchanged, compared to its average volume of 439,058. The firm has a market capitalization of $394.91 million, a PE ratio of 51.60, a PEG ratio of 0.73 and a beta of 0.66. Fluent has a twelve month low of $1.95 and a twelve month high of $7.47. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $66.56 million for the quarter, compared to analyst estimates of $65.61 million. Fluent had a return on equity of 5.55% and a net margin of 3.76%. As a group, analysts predict that Fluent will post 0.18 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in Fluent in the 4th quarter valued at about $82,000. BlackRock Inc. raised its stake in shares of Fluent by 7.2% in the 4th quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock valued at $6,472,000 after acquiring an additional 121,479 shares during the period. Vanguard Group Inc. raised its stake in shares of Fluent by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,384,474 shares of the company’s stock valued at $2,976,000 after acquiring an additional 22,553 shares during the period. Millennium Management LLC purchased a new stake in shares of Fluent in the 4th quarter valued at approximately $1,878,000. Finally, Virtu Financial LLC raised its stake in shares of Fluent by 15.6% in the 4th quarter. Virtu Financial LLC now owns 26,514 shares of the company’s stock valued at $95,000 after acquiring an additional 3,585 shares during the period. Institutional investors own 27.36% of the company’s stock.

Fluent Company Profile

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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