Fluent (NASDAQ:FLNT) Trading 8.4% Higher

Fluent Inc (NASDAQ:FLNT)’s share price traded up 8.4% during trading on Tuesday . The stock traded as high as $1.52 and last traded at $1.42, 536,900 shares changed hands during trading. An increase of 36% from the average session volume of 394,227 shares. The stock had previously closed at $1.31.

Several equities research analysts have recently commented on the company. Zacks Investment Research cut Fluent from a “hold” rating to a “strong sell” rating in a research note on Monday. TheStreet cut Fluent from a “c” rating to a “d+” rating in a research note on Monday, November 11th. Barrington Research cut Fluent from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 12th. Finally, ValuEngine upgraded Fluent from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.58.

The company has a 50-day simple moving average of $2.38 and a 200-day simple moving average of $4.07. The stock has a market cap of $109.84 million, a PE ratio of 14.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.63.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.08). The business had revenue of $64.60 million during the quarter, compared to analysts’ expectations of $69.60 million. Fluent had a positive return on equity of 0.22% and a negative net margin of 0.39%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts expect that Fluent Inc will post -0.01 EPS for the current fiscal year.

In related news, COO Donald Huntley Patrick bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $3.08 per share, for a total transaction of $46,200.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew Conlin acquired 25,000 shares of the stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $2.97 per share, with a total value of $74,250.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 99,000 shares of company stock worth $292,680. Company insiders own 20.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FLNT. Ausdal Financial Partners Inc. acquired a new position in shares of Fluent in the 2nd quarter worth $56,000. Cadence Capital Management LLC acquired a new position in Fluent during the 3rd quarter worth $56,000. A.R.T. Advisors LLC acquired a new position in Fluent during the 2nd quarter worth $59,000. Comprehensive Portfolio Management LLC acquired a new position in Fluent during the 2nd quarter worth $63,000. Finally, Alberta Investment Management Corp acquired a new position in Fluent during the 3rd quarter worth $80,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.

About Fluent (NASDAQ:FLNT)

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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