Fluent Inc (NASDAQ:FLNT) shares were up 5.2% on Wednesday . The stock traded as high as $6.04 and last traded at $5.88. Approximately 602,911 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 343,627 shares. The stock had previously closed at $5.59.

FLNT has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Fluent from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. ValuEngine upgraded shares of Fluent from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Roth Capital cut shares of Fluent from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. Barrington Research increased their price target on shares of Fluent from $6.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, TheStreet upgraded shares of Fluent from a “d+” rating to a “c” rating in a research report on Friday, November 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $5.88.

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $420.87 million, a P/E ratio of 58.80, a P/E/G ratio of 0.51 and a beta of 0.56.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Fluent had a negative net margin of 7.16% and a positive return on equity of 6.32%. The business had revenue of $70.80 million for the quarter, compared to the consensus estimate of $65.93 million. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities analysts expect that Fluent Inc will post 0.27 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in Fluent in the second quarter valued at $235,000. Northern Trust Corp bought a new position in Fluent in the second quarter valued at $859,000. BlackRock Inc. grew its position in Fluent by 1.0% in the third quarter. BlackRock Inc. now owns 1,676,214 shares of the company’s stock valued at $3,603,000 after purchasing an additional 16,508 shares in the last quarter. Panagora Asset Management Inc. bought a new position in Fluent in the third quarter valued at $166,000. Finally, Weber Alan W bought a new position in Fluent in the third quarter valued at $4,726,000. Institutional investors and hedge funds own 25.98% of the company’s stock.

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About Fluent (NASDAQ:FLNT)

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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