Equities analysts predict that Fluent Inc (NASDAQ:FLNT) will announce earnings per share (EPS) of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fluent’s earnings. Fluent reported earnings of ($0.25) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 116%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Fluent will report full year earnings of $0.05 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fluent.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Fluent had a negative return on equity of 7.44% and a negative net margin of 19.23%. The firm had revenue of $56.94 million during the quarter, compared to analyst estimates of $59.00 million.

A number of research firms recently commented on FLNT. ValuEngine raised shares of Fluent from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research lowered shares of Fluent from a “buy” rating to a “hold” rating in a research note on Friday, August 10th.

Fluent stock traded up $0.02 during midday trading on Thursday, reaching $2.15. The stock had a trading volume of 1,441 shares, compared to its average volume of 296,371. Fluent has a twelve month low of $1.89 and a twelve month high of $5.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $161.87 million, a price-to-earnings ratio of -3.06 and a beta of 0.56.

In other Fluent news, major shareholder Michael Brauser sold 300,000 shares of Fluent stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $2.38, for a total transaction of $714,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Schulke bought 100,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were bought at an average cost of $2.40 per share, with a total value of $240,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 170,000 shares of company stock valued at $397,300 in the last three months. Company insiders own 18.70% of the company’s stock.

Several large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Fluent during the 2nd quarter valued at $4,066,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Fluent during the 2nd quarter valued at $2,487,000. Akanthos Capital Management LLC acquired a new stake in shares of Fluent during the 2nd quarter valued at $1,470,000. Northern Trust Corp acquired a new stake in shares of Fluent during the 2nd quarter valued at $859,000. Finally, NF Trinity Capital Hong Kong Ltd acquired a new stake in shares of Fluent during the 2nd quarter valued at $477,000. 11.72% of the stock is owned by institutional investors.

About Fluent

Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.

Further Reading: Outstanding Shares and The Effect on Share Price

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