Fluent (NASDAQ:FLNT) Downgraded to “Sell” at ValuEngine

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Fluent (NASDAQ:FLNT) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday, ValuEngine reports.

Other equities research analysts have also issued reports about the company. Roth Capital upgraded Fluent from a “neutral” rating to a “buy” rating and lifted their price target for the company from $5.50 to $8.50 in a report on Thursday, May 9th. Zacks Investment Research lowered Fluent from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, Barrington Research reiterated a “buy” rating and set a $9.00 price target on shares of Fluent in a report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.92.

NASDAQ:FLNT opened at $3.19 on Monday. 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 has a fifty-two week low of $1.95 and a fifty-two week high of $7.47. The firm’s 50-day simple moving average is $5.14. The stock has a market cap of $244.82 million, a PE ratio of 31.90, a PEG ratio of 0.40 and a beta of 0.85.

Fluent (NASDAQ:FLNT) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $70.56 million for the quarter, compared to analysts’ expectations of $66.89 million. Fluent had a net margin of 2.87% and a return on equity of 4.54%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Sell-side analysts forecast that Fluent will post 0.19 EPS for the current year.

Several institutional investors have recently made changes to their positions in FLNT. Squarepoint Ops LLC acquired a new stake in shares of Fluent during the 4th quarter valued at about $37,000. Two Sigma Investments LP acquired a new stake in Fluent in the 4th quarter worth approximately $48,000. Ausdal Financial Partners Inc. acquired a new stake in Fluent in the 2nd quarter worth approximately $56,000. Comprehensive Portfolio Management LLC acquired a new stake in Fluent in the 2nd quarter worth approximately $63,000. Finally, Alambic Investment Management L.P. acquired a new stake in Fluent in the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 28.13% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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