Fluent (NASDAQ:FLNT) Releases Earnings Results, Misses Expectations By $0.08 EPS

Fluent (NASDAQ:FLNT) posted its quarterly earnings data on Monday. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.08), Fidelity Earnings reports. Fluent had a return on equity of 4.51% and a net margin of 2.87%. The firm had revenue of $64.60 million during the quarter, compared to the consensus estimate of $69.60 million. Fluent’s revenue was down 2.9% on a year-over-year basis.

Shares of NASDAQ FLNT traded down $0.76 during mid-day trading on Tuesday, reaching $1.78. The company had a trading volume of 14,996 shares, compared to its average volume of 240,890. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The stock has a market cap of $186.54 million, a PE ratio of 18.20, a P/E/G ratio of 0.76 and a beta of 1.12. The company has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $4.29. Fluent has a 1-year low of $2.26 and a 1-year high of $7.47.

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A number of equities analysts recently issued reports on FLNT shares. Zacks Investment Research upgraded Fluent from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Barrington Research cut Fluent from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, ValuEngine upgraded Fluent from a “sell” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.58.

In other Fluent news, major shareholder Matthew Conlin purchased 25,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $2.85 per share, for a total transaction of $71,250.00. Following the completion of the acquisition, the insider now owns 5,325,229 shares of the company’s stock, valued at approximately $15,176,902.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Schulke purchased 34,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired 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. Insiders purchased a total of 119,000 shares of company stock worth $353,680 over the last 90 days. Insiders own 20.20% of the company’s stock.

About Fluent

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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