Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 112,053 shares, a decrease of 34.3% from the November 30th total of 170,457 shares. Based on an average trading volume of 30,504 shares, the short-interest ratio is presently 3.7 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 30,504 shares, the short-interest ratio is presently 3.7 days.

Fluent Stock Down 0.4%

FLNT traded down $0.01 on Monday, reaching $2.52. The company’s stock had a trading volume of 62,073 shares, compared to its average volume of 188,228. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 1.02. Fluent has a 1 year low of $1.50 and a 1 year high of $3.12. The business’s 50 day moving average is $2.06 and its 200 day moving average is $2.11. The stock has a market cap of $76.33 million, a price-to-earnings ratio of -2.19 and a beta of 1.09.

Fluent (NASDAQ:FLNT) last released its earnings results on Thursday, November 14th. The company reported ($0.22) EPS for the quarter. Fluent had a negative net margin of 12.47% and a negative return on equity of 109.15%. The business had revenue of $64.52 million for the quarter. As a group, research analysts forecast that Fluent will post -1.82 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on shares of Fluent from $3.00 to $2.50 and set a “hold” rating on the stock in a report on Friday, November 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.50.

Institutional Investors Weigh In On Fluent

An institutional investor recently bought a new position in Fluent stock. Mink Brook Asset Management LLC bought a new stake in Fluent, Inc. (NASDAQ:FLNT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 285,714 shares of the company’s stock, valued at approximately $634,000. Fluent makes up 0.4% of Mink Brook Asset Management LLC’s investment portfolio, making the stock its 29th biggest position. Mink Brook Asset Management LLC owned approximately 1.00% of Fluent as of its most recent filing with the SEC. 23.33% of the stock is currently owned by institutional investors.

Fluent Company Profile

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.