Fluent Inc (NASDAQ:FLNT) Short Interest Update

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Fluent Inc (NASDAQ:FLNT) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 2,050,600 shares, a decline of 13.4% from the June 30th total of 2,367,100 shares. Based on an average daily trading volume, of 478,600 shares, the days-to-cover ratio is presently 4.3 days. Approximately 5.5% of the shares of the company are sold short.

Shares of NASDAQ FLNT traded down $0.03 during trading hours on Friday, reaching $3.06. The stock had a trading volume of 5,295 shares, compared to its average volume of 423,810. The business’s fifty day moving average is $5.06 and its two-hundred day moving average is $5.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.24 and a quick ratio of 2.29. The company has a market cap of $237.22 million, a price-to-earnings ratio of 30.90, a PEG ratio of 0.48 and a beta of 0.85. Fluent has a twelve month low of $1.95 and a twelve month high of $7.47.

Fluent (NASDAQ:FLNT) last issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Fluent had a net margin of 2.87% and a return on equity of 4.51%. The firm had revenue of $70.56 million during the quarter, compared to analyst estimates of $66.89 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. Sell-side analysts forecast that Fluent will post 0.17 earnings per share for the current fiscal year.

In other Fluent news, CEO Ryan Schulke purchased 31,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $3.16 per share, for a total transaction of $99,540.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.20% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Timpani Capital Management LLC acquired a new position in Fluent during the first quarter worth $407,000. BlackRock Inc. grew its holdings in shares of Fluent by 7.2% during the fourth quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock worth $6,472,000 after purchasing an additional 121,479 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Fluent during the fourth quarter worth $1,878,000. Tieton Capital Management LLC grew its holdings in shares of Fluent by 15.2% during the first quarter. Tieton Capital Management LLC now owns 730,840 shares of the company’s stock worth $4,107,000 after purchasing an additional 96,635 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Fluent during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 28.13% of the company’s stock.

A number of research analysts recently commented on FLNT shares. Barrington Research restated a “buy” rating and issued a $9.00 target price on shares of Fluent in a research note on Wednesday, May 29th. ValuEngine lowered Fluent from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research lowered Fluent from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Roth Capital upgraded Fluent from a “neutral” rating to a “buy” rating and upped their target price for the company from $5.50 to $8.50 in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Fluent has an average rating of “Hold” and a consensus target price of $7.92.

Fluent Company Profile

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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