Fluent (NASDAQ:FLNT) Lowered to Market Perform at Barrington Research

Barrington Research lowered shares of Fluent (NASDAQ:FLNT) from an outperform rating to a market perform rating in a report issued on Tuesday morning, Briefing.com Automated Import reports.

Several other equities analysts also recently issued reports on FLNT. Zacks Investment Research upgraded shares of Fluent from a sell rating to a hold rating in a research note on Wednesday, October 16th. ValuEngine upgraded shares of Fluent from a sell rating to a hold rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average price target of $6.58.

Shares of FLNT stock traded down $0.13 during trading on Tuesday, hitting $1.43. 650,400 shares of the stock traded hands, compared to its average volume of 342,670. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.24 and a quick ratio of 2.24. Fluent has a 52-week low of $1.34 and a 52-week high of $7.47. The firm has a market capitalization of $130.58 million, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.12. The firm’s fifty day moving average price is $2.49 and its 200-day moving average price is $4.18.

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 consensus estimate of $0.02 by ($0.08). Fluent had a negative net margin of 0.39% and a positive return on equity of 0.22%. The company had revenue of $64.60 million during the quarter, compared to analyst estimates of $69.60 million. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Fluent will post 0.08 earnings per share for the current year.

In other Fluent news, major shareholder Matthew Conlin bought 25,000 shares of Fluent stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $2.85 per share, with a total value of $71,250.00. Following the completion of the acquisition, the insider now owns 5,325,229 shares of the company’s stock, valued at $15,176,902.65. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter Benz bought 20,000 shares of Fluent stock in a transaction dated Monday, August 19th. The stock was acquired at an average cost of $3.05 per share, with a total value of $61,000.00. The disclosure for this purchase can be found here. Insiders bought 119,000 shares of company stock valued at $353,680 over the last ninety days. Corporate insiders own 20.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stone Ridge Asset Management LLC raised its holdings in Fluent by 9.5% during the second quarter. Stone Ridge Asset Management LLC now owns 27,733 shares of the company’s stock worth $149,000 after purchasing an additional 2,400 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in Fluent by 5.7% during the third quarter. WealthTrust Axiom LLC now owns 80,611 shares of the company’s stock worth $220,000 after purchasing an additional 4,366 shares in the last quarter. California Public Employees Retirement System raised its holdings in Fluent by 3.9% during the third quarter. California Public Employees Retirement System now owns 235,980 shares of the company’s stock worth $645,000 after purchasing an additional 8,877 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new position in Fluent during the second quarter worth about $56,000. Finally, A.R.T. Advisors LLC purchased a new position in Fluent during the second quarter worth about $59,000. 33.34% of the stock is owned by hedge funds and other institutional investors.

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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