Barrington Research Analysts Give Fluent (NASDAQ:FLNT) a $5.00 Price Target

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Barrington Research set a $5.00 target price on Fluent (NASDAQ:FLNT) in a research report released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of Fluent from a hold rating to a sell rating in a report on Monday, August 12th. Roth Capital upgraded Fluent from a neutral rating to a buy rating and lifted their target price for the stock from $5.50 to $8.50 in a research note on Thursday, May 9th. Finally, Zacks Investment Research cut Fluent from a hold rating to a sell rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Fluent presently has an average rating of Hold and an average price target of $6.58.

FLNT remained flat at $$2.99 during mid-day trading on Friday. 207,110 shares of the company’s stock were exchanged, compared to its average volume of 435,121. 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 stock has a market capitalization of $237.21 million, a PE ratio of 29.90, a PEG ratio of 0.47 and a beta of 0.85. The business has a 50-day moving average of $5.02 and a 200 day moving average of $5.44. Fluent has a 1 year low of $1.95 and a 1 year high of $7.47.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $70.56 million for the quarter, compared to analysts’ expectations of $66.89 million. Fluent had a return on equity of 4.51% and a net margin of 2.87%. Fluent’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts expect that Fluent will post 0.17 earnings per share for the current fiscal year.

In other Fluent news, CEO Ryan Schulke bought 31,500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were 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 SEC, which is available through the SEC website. Insiders own 20.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Fluent by 7.2% in the 4th quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock worth $6,472,000 after buying an additional 121,479 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Fluent by 27.2% in the 4th quarter. Bank of New York Mellon Corp now owns 141,004 shares of the company’s stock worth $507,000 after buying an additional 30,162 shares in the last quarter. Geode Capital Management LLC lifted its position in Fluent by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 429,741 shares of the company’s stock worth $1,547,000 after buying an additional 17,108 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Fluent in the 4th quarter worth approximately $37,000. Finally, Millennium Management LLC purchased a new stake in Fluent in the 4th quarter worth approximately $1,878,000. Institutional investors and hedge funds own 33.52% of the company’s stock.

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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