Fluent (NASDAQ:FLNT) announced its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03), Fidelity Earnings reports. The company had revenue of $70.56 million for the quarter, compared to analysts’ expectations of $66.89 million. Fluent had a net margin of 2.87% and a return on equity of 4.54%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Fluent updated its FY 2019 guidance to EPS.
Shares of NASDAQ:FLNT traded down $1.86 during mid-day trading on Friday, hitting $3.06. 2,048,551 shares of the company traded hands, compared to its average volume of 287,309. The stock has a market cap of $377.59 million, a PE ratio of 30.60, a P/E/G ratio of 0.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.29 and a current ratio of 2.29. Fluent has a 12-month low of $1.95 and a 12-month high of $7.47. The firm’s 50-day moving average price is $5.30.
Several research analysts recently issued reports on FLNT shares. Barrington Research reaffirmed a “buy” rating and set a $9.00 target price on shares of Fluent in a research report on Wednesday, May 29th. ValuEngine cut Fluent from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Roth Capital raised Fluent from a “neutral” rating to a “buy” rating and lifted their target price for the company from $5.50 to $8.50 in a research report on Thursday, May 9th. Finally, Zacks Investment Research cut Fluent from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Fluent presently has a consensus rating of “Buy” and a consensus target price of $7.92.
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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