Fluent (NASDAQ:FLNT) Downgraded to “D+” at TheStreet

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Fluent (NASDAQ:FLNT) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research note issued on Monday, TheStreetRatingsTable reports.

Other equities analysts have also issued reports about the company. ValuEngine raised Fluent from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Barrington Research lowered Fluent from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, Zacks Investment Research raised Fluent from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.58.

FLNT stock opened at $1.68 on Monday. The firm has a market cap of $186.54 million, a PE ratio of 16.80, a P/E/G ratio of 0.76 and a beta of 1.12. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $2.57 and a 200-day moving average of $4.26. Fluent has a 12-month low of $1.50 and a 12-month high of $7.47.

Fluent (NASDAQ:FLNT) last released its earnings results on Monday, November 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). Fluent had a net margin of 2.87% and a return on equity of 4.51%. The business had revenue of $64.60 million during the quarter, compared to the consensus estimate of $69.60 million. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts expect that Fluent will post 0.08 earnings per share for the current year.

In related news, COO Donald Huntley Patrick bought 15,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $3.08 per share, for a total transaction of $46,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Schulke bought 34,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $2.97 per share, for a total transaction of $100,980.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 119,000 shares of company stock valued at $353,680. 20.20% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of FLNT. WINTON GROUP Ltd lifted 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 acquiring an additional 11,362 shares in the last quarter. Comprehensive Portfolio Management LLC purchased a new stake in shares of Fluent during the second quarter worth $63,000. Zeke Capital Advisors LLC lifted its position in shares of Fluent by 99.0% during the second quarter. Zeke Capital Advisors LLC now owns 30,150 shares of the company’s stock worth $162,000 after acquiring an additional 15,000 shares in the last quarter. Strs Ohio purchased a new stake in shares of Fluent during the second quarter worth $100,000. Finally, Bailard Inc. purchased a new stake in shares of Fluent during the second quarter worth $163,000. Hedge funds and other institutional investors own 33.34% 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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