Shares of Fluent Inc (NASDAQ:FLNT) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also given Fluent an industry rank of 197 out of 254 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on FLNT shares. Zacks Investment Research cut Fluent from a “buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Barrington Research reaffirmed a “hold” rating on shares of Fluent in a research note on Monday, May 18th. Finally, ValuEngine raised Fluent from a “hold” rating to a “buy” rating in a research note on Friday, May 1st.

Several hedge funds have recently added to or reduced their stakes in FLNT. Tieton Capital Management LLC raised its holdings in Fluent by 56.0% in the 4th quarter. Tieton Capital Management LLC now owns 1,355,510 shares of the company’s stock worth $3,389,000 after acquiring an additional 486,670 shares during the last quarter. Wellington Management Group LLP raised its stake in Fluent by 10.7% during the 1st quarter. Wellington Management Group LLP now owns 4,165,395 shares of the company’s stock valued at $4,874,000 after buying an additional 403,375 shares during the last quarter. Weber Alan W raised its stake in Fluent by 6.6% during the 1st quarter. Weber Alan W now owns 5,696,219 shares of the company’s stock valued at $6,665,000 after buying an additional 355,000 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Fluent by 208.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 231,323 shares of the company’s stock valued at $578,000 after acquiring an additional 156,242 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Fluent by 25.9% during the 1st quarter. JPMorgan Chase & Co. now owns 664,081 shares of the company’s stock valued at $777,000 after acquiring an additional 136,454 shares during the period. Hedge funds and other institutional investors own 31.62% of the company’s stock.

Shares of Fluent stock traded up $0.09 during trading hours on Friday, reaching $2.16. The company had a trading volume of 4,777 shares, compared to its average volume of 265,155. The business has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $2.07. Fluent has a one year low of $1.02 and a one year high of $6.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market cap of $142.55 million, a PE ratio of -69.00 and a beta of 2.43.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. Fluent had a positive return on equity of 0.46% and a negative net margin of 0.81%. The firm had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $68.56 million. On average, research analysts forecast that Fluent will post -0.03 EPS for the current year.

About Fluent

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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