StockNews.com Upgrades Fluent (NASDAQ:FLNT) to “Buy”

StockNews.com upgraded shares of Fluent (NASDAQ:FLNTGet Rating) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Fluent from a hold rating to a sell rating in a research report on Thursday, January 20th. Barrington Research raised Fluent from a market perform rating to an outperform rating and set a $2.50 price target on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $3.75.

NASDAQ:FLNT opened at $1.45 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day simple moving average is $1.72 and its 200 day simple moving average is $1.87. The company has a market cap of $115.54 million, a P/E ratio of -12.08 and a beta of 2.95. Fluent has a 52-week low of $1.16 and a 52-week high of $3.18.

Fluent (NASDAQ:FLNTGet Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $99.84 million for the quarter, compared to the consensus estimate of $90.06 million. Fluent had a negative return on equity of 4.78% and a negative net margin of 3.06%. As a group, equities analysts predict that Fluent will post 0.03 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Tieton Capital Management LLC boosted its holdings in shares of Fluent by 48.9% during the third quarter. Tieton Capital Management LLC now owns 2,944,008 shares of the company’s stock worth $6,683,000 after acquiring an additional 967,275 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Fluent by 41.6% in the third quarter. Goldman Sachs Group Inc. now owns 133,906 shares of the company’s stock valued at $304,000 after buying an additional 39,360 shares during the period. Barclays PLC boosted its stake in shares of Fluent by 146.2% in the third quarter. Barclays PLC now owns 17,716 shares of the company’s stock valued at $41,000 after buying an additional 10,519 shares during the period. SG Americas Securities LLC bought a new stake in shares of Fluent in the third quarter valued at approximately $59,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Fluent by 67.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 18,417 shares of the company’s stock valued at $37,000 after buying an additional 7,419 shares during the period. Institutional investors own 37.13% of the company’s stock.

About Fluent (Get Rating)

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.

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