Wall Street brokerages predict that Fluent Inc (NASDAQ:FLNT) will announce sales of $60.52 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Fluent’s earnings. The lowest sales estimate is $59.34 million and the highest is $61.70 million. Fluent posted sales of $57.25 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is expected to report its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Fluent will report full year sales of $237.10 million for the current financial year, with estimates ranging from $236.66 million to $237.54 million. For the next financial year, analysts forecast that the company will report sales of $264.23 million, with estimates ranging from $263.18 million to $265.27 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Fluent.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share (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 business had revenue of $56.94 million for the quarter, compared to the consensus estimate of $59.00 million.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Fluent from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. ValuEngine raised Fluent from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd.

Shares of NASDAQ:FLNT traded down $0.05 during trading on Friday, reaching $2.10. 318,700 shares of the stock were exchanged, compared to its average volume of 588,947. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. Fluent has a 1-year low of $1.89 and a 1-year high of $5.27. The firm has a market capitalization of $161.87 million, a price-to-earnings ratio of -2.94 and a beta of 0.56.

In other news, major shareholder Michael Brauser sold 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $2.34, for a total transaction of $819,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Conlin bought 25,000 shares of the stock in a transaction dated Wednesday, September 12th. The shares were purchased at an average cost of $2.07 per share, for a total transaction of $51,750.00. The disclosure for this purchase can be found here. Insiders have bought 170,000 shares of company stock worth $397,300 over the last ninety days. 18.70% of the stock is owned by insiders.

Several large investors have recently modified their holdings of FLNT. Private Advisor Group LLC purchased a new stake in Fluent in the 2nd quarter valued at $106,000. Dimensional Fund Advisors LP purchased a new stake in Fluent in the 2nd quarter valued at $130,000. Schwab Charles Investment Management Inc. purchased a new stake in Fluent in the 2nd quarter valued at $176,000. WealthTrust Axiom LLC purchased a new stake in Fluent in the 2nd quarter valued at $196,000. Finally, Bank of America Corp DE purchased a new stake in Fluent in the 2nd quarter valued at $235,000. 11.72% of the stock is currently 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.

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