Analysts expect Fluent Inc (NASDAQ:FLNT) to report sales of $66.89 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Fluent’s earnings. The lowest sales estimate is $66.60 million and the highest is $67.18 million. Fluent reported sales of $56.94 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Fluent will report full-year sales of $290.62 million for the current year, with estimates ranging from $286.79 million to $294.45 million. For the next year, analysts forecast that the business will post sales of $333.76 million, with estimates ranging from $328.90 million to $338.62 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fluent.
Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 EPS 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 company had revenue of $66.56 million during the quarter, compared to analysts’ expectations of $65.61 million.
FLNT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research report on Monday. Roth Capital upped their target price on shares of NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, Barrington Research upped their target price on shares of Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $7.92.
A number of large investors have recently bought and sold shares of FLNT. Comprehensive Portfolio Management LLC acquired a new stake in Fluent in the second quarter valued at approximately $63,000. WINTON GROUP Ltd grew its position in shares of Fluent by 113.5% during the second quarter. WINTON GROUP Ltd now owns 21,371 shares of the company’s stock worth $115,000 after buying an additional 11,362 shares in the last quarter. Tieton Capital Management LLC grew its position 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 buying an additional 96,635 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Fluent during the first quarter worth approximately $241,000. Finally, Timpani Capital Management LLC acquired a new stake in shares of Fluent during the first quarter worth approximately $407,000. 27.30% of the stock is owned by institutional investors.
Shares of FLNT stock traded up $0.03 during trading hours on Friday, hitting $5.97. 227,003 shares of the company’s stock traded hands, compared to its average volume of 437,579. The stock has a fifty day moving average price of $5.26. Fluent has a 12-month low of $1.95 and a 12-month high of $7.47. The firm has a market cap of $445.90 million, a PE ratio of 59.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.29 and a current ratio of 2.29.
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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