Brokerages predict that Fluent Inc (NASDAQ:FLNT) will post $69.60 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Fluent’s earnings. The lowest sales estimate is $69.20 million and the highest is $70.00 million. Fluent reported sales of $66.54 million in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Fluent will report full-year sales of $280.35 million for the current financial year, with estimates ranging from $279.97 million to $280.72 million. For the next financial year, analysts forecast that the firm will report sales of $322.39 million, with estimates ranging from $321.97 million to $322.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fluent.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $70.56 million during the quarter, compared to analyst estimates of $66.89 million. Fluent had a net margin of 2.87% and a return on equity of 4.51%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share.

FLNT has been the subject of a number of recent research reports. Barrington Research set a $5.00 target price on Fluent and gave the company a “buy” rating in a report on Friday, August 16th. ValuEngine lowered Fluent from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Zacks Investment Research lowered Fluent from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.58.

In other Fluent news, major shareholder Matthew Conlin purchased 25,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $2.85 per share, with a total value of $71,250.00. Following the acquisition, the insider now directly owns 5,325,229 shares of the company’s stock, valued at $15,176,902.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Schulke purchased 31,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $3.16 per share, with a total value of $99,540.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 150,500 shares of company stock valued at $453,220. 20.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hancock Whitney Corp purchased a new stake in Fluent during the 2nd quarter worth about $131,000. ClariVest Asset Management LLC purchased a new stake in shares of Fluent in the 2nd quarter valued at about $945,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Fluent in the 2nd quarter valued at about $307,000. AQR Capital Management LLC lifted its holdings in shares of Fluent by 14.6% in the 2nd quarter. AQR Capital Management LLC now owns 265,070 shares of the company’s stock valued at $1,426,000 after purchasing an additional 33,801 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Fluent in the 2nd quarter valued at about $107,000. 33.59% of the stock is owned by institutional investors.

NASDAQ:FLNT traded up $0.08 during midday trading on Thursday, reaching $2.90. The company had a trading volume of 258,460 shares, compared to its average volume of 270,863. The firm has a market capitalization of $216.48 million, a price-to-earnings ratio of 29.00, a PEG ratio of 0.88 and a beta of 1.15. The stock’s fifty day simple moving average is $3.25 and its 200-day simple moving average is $5.12. Fluent has a 12-month low of $1.95 and a 12-month high of $7.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27.

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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