Fluent (NASDAQ:FLNT) had its target price hoisted by Barrington Research from $6.00 to $8.00 in a research note published on Thursday morning, The Fly reports. They currently have an outperform rating on the stock.

“We have adjusted our estimate to remain within the guidance range. The company’s U.K. operations are still in the early stages, and growing well, though the primary focus remains the U.S. business. Margin expansion is expected in 2020.”,” the firm’s analyst commented.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Fluent from a buy rating to a hold rating in a report on Wednesday, February 13th. TheStreet upgraded Fluent from a d+ rating to a c rating in a report on Friday, November 23rd. Roth Capital downgraded Fluent from a buy rating to a neutral rating in a report on Thursday. Finally, Zacks Investment Research downgraded Fluent from a buy rating to a hold rating in a report on Friday, January 4th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $5.88.

FLNT stock opened at $5.47 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $411.84 million, a P/E ratio of -7.60, a PEG ratio of 0.70 and a beta of 0.56. Fluent has a 12-month low of $1.95 and a 12-month high of $6.19.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). 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 during the quarter, compared to analysts’ expectations of $65.93 million. The company’s revenue was up 25.3% on a year-over-year basis. On average, research analysts expect that Fluent will post 0.19 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Fluent by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 429,741 shares of the company’s stock worth $1,547,000 after purchasing an additional 17,108 shares during the period. Millennium Management LLC purchased a new stake in Fluent during the 4th quarter worth about $1,878,000. Weber Alan W increased its holdings in Fluent by 139.6% during the 4th quarter. Weber Alan W now owns 5,266,219 shares of the company’s stock worth $18,958,000 after purchasing an additional 3,068,311 shares during the period. Jane Street Group LLC purchased a new position in shares of Fluent in the 4th quarter valued at about $99,000. Finally, Gotham Asset Management LLC purchased a new position in shares of Fluent in the 4th quarter valued at about $64,000. Institutional investors own 25.98% of the company’s stock.

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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