Fluent (NASDAQ:FLNT) announced its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02), Morningstar.com reports. Fluent had a negative net margin of 10.70% and a positive return on equity of 1.61%. The firm had revenue of $70.80 million for the quarter, compared to analyst estimates of $65.93 million. Fluent’s revenue for the quarter was up 25.3% compared to the same quarter last year. Fluent updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.
Shares of Fluent stock traded down $0.57 during midday trading on Thursday, reaching $5.33. The company had a trading volume of 23,979 shares, compared to its average volume of 308,240. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $444.21 million, a P/E ratio of -7.49, a P/E/G ratio of 0.70 and a beta of 0.56. Fluent has a fifty-two week low of $1.95 and a fifty-two week high of $5.95.
A number of equities analysts recently commented on FLNT shares. Zacks Investment Research lowered Fluent from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. ValuEngine raised Fluent from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. TheStreet raised Fluent from a “d+” rating to a “c” rating in a research note on Friday, November 23rd. Barrington Research lifted their price objective on Fluent from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Roth Capital lowered Fluent from a “buy” rating to a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fluent presently has a consensus rating of “Buy” and an average price target of $5.88.
A number of institutional investors and hedge funds have recently modified their holdings of FLNT. Weber Alan W lifted its stake in Fluent by 139.6% in the fourth quarter. Weber Alan W now owns 5,266,219 shares of the company’s stock valued at $18,958,000 after buying an additional 3,068,311 shares during the period. Tieton Capital Management LLC acquired a new position in Fluent in the fourth quarter valued at approximately $2,283,000. Millennium Management LLC acquired a new position in Fluent in the fourth quarter valued at approximately $1,878,000. D. E. Shaw & Co. Inc. acquired a new position in Fluent in the fourth quarter valued at approximately $1,464,000. Finally, Northern Trust Corp acquired a new position in Fluent in the second quarter valued at approximately $859,000. 25.98% of the stock is currently owned by hedge funds and other institutional investors.
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Fluent Company Profile
Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.
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