Recent Analysts’ Ratings Changes for Fluent (FLNT)

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Fluent (NASDAQ: FLNT) has recently received a number of price target changes and ratings updates:

  • 5/20/2019 – Fluent was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fluent Inc. provides data-driven performance marketing services. The company is the trusted acquisition partner for both established and growing brands. It creates marketing programs which deliver better digital advertising experiences for consumers and measurable results for advertisers. Fluent Inc., formerly known as COGINT INC, is headquartered in New York City. “
  • 5/14/2019 – Fluent was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fluent Inc. provides data-driven performance marketing services. The company is the trusted acquisition partner for both established and growing brands. It creates marketing programs which deliver better digital advertising experiences for consumers and measurable results for advertisers. Fluent Inc., formerly known as COGINT INC, is headquartered in New York City. “
  • 5/9/2019 – Fluent had its “buy” rating reaffirmed by analysts at Barrington Research. They now have a $8.00 price target on the stock. They wrote, “We reaffirm our OUTPERFORM investment rating and price target of $8: We had been conservative to start the year given the relatively depressed value of Fluent’s share price following the separation from Red Violet. The multiple that we assigned to Fluent was somewhat under 2.5x sales, which feel was supported by the sustained top-line growth and potential for margin expansion in the coming year.””
  • 5/9/2019 – Fluent was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating. They now have a $8.50 price target on the stock, up previously from $5.50.

Shares of NASDAQ:FLNT opened at $5.67 on Thursday. Fluent Inc has a 1-year low of $1.95 and a 1-year high of $7.47. The company has a market cap of $430.12 million, a PE ratio of 56.70, a PEG ratio of 0.78 and a beta of 0.66. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Fluent had a return on equity of 5.55% and a net margin of 3.76%. The firm had revenue of $66.56 million for the quarter, compared to analyst estimates of $65.61 million. Research analysts expect that Fluent Inc will post 0.18 EPS for the current year.

A number of hedge funds have recently made changes to their positions in FLNT. Weber Alan W boosted its stake in Fluent by 139.6% in the 4th quarter. Weber Alan W now owns 5,266,219 shares of the company’s stock valued at $18,958,000 after buying an additional 3,068,311 shares in the last quarter. Tieton Capital Management LLC acquired a new stake in Fluent in the 4th quarter valued at $2,283,000. Millennium Management LLC acquired a new stake in Fluent in the 4th quarter valued at $1,878,000. D. E. Shaw & Co. Inc. acquired a new stake in Fluent in the 4th quarter valued at $1,464,000. Finally, Oxford Asset Management LLP acquired a new stake in Fluent in the 1st quarter valued at $1,622,000. 27.74% of the stock is currently owned by institutional investors and hedge funds.

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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