Fluent (NASDAQ:FLNT) Shares Up 0.3% – What’s Next?

Fluent, Inc. (NASDAQ:FLNT)’s stock price traded up 0.3% during trading on Thursday . The stock traded as high as $3.22 and last traded at $3.05. 93,730 shares traded hands during mid-day trading, an increase of 170% from the average daily volume of 34,665 shares. The stock had previously closed at $3.04.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Lake Street Capital reissued a “buy” rating and issued a $5.50 price objective (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price target on Fluent and gave the stock a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Fluent Trading Up 1.3%

The stock has a market capitalization of $97.67 million, a P/E ratio of -4.01 and a beta of 0.75. The business has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $3.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 0.88.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%.The company had revenue of $48.45 million for the quarter, compared to the consensus estimate of $44.64 million. On average, analysts predict that Fluent, Inc. will post -0.52 EPS for the current year.

Institutional Trading of Fluent

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP bought a new stake in Fluent during the second quarter worth approximately $4,933,000. Tieton Capital Management LLC bought a new stake in shares of Fluent during the 2nd quarter worth $4,387,000. Sei Investments Co. grew its holdings in shares of Fluent by 117.5% in the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after acquiring an additional 274,533 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after purchasing an additional 44,684 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after purchasing an additional 15,777 shares during the last quarter. 23.33% of the stock is currently owned by institutional investors.

Fluent Company Profile

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.