Fluent (NASDAQ:FLNT) Price Target Raised to $3.50

Fluent (NASDAQ:FLNT) had its price objective lifted by Canaccord Genuity Group from $2.50 to $3.50 in a research report sent to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Fluent Stock Up 3.4%

FLNT opened at $3.36 on Tuesday. Fluent has a twelve month low of $1.50 and a twelve month high of $4.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $3.31 and a 200 day moving average price of $2.53. The company has a market cap of $99.59 million, a PE ratio of -3.08 and a beta of 0.94.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Fluent had a negative net margin of 13.01% and a negative return on equity of 115.19%. The company had revenue of $61.82 million during the quarter, compared to analysts’ expectations of $62.85 million. Sell-side analysts expect that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of Fluent

Several large investors have recently made changes to their positions in FLNT. Susquehanna International Group LLP raised its stake in Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after purchasing an additional 15,777 shares during the last quarter. Millennium Management LLC acquired a new stake in Fluent during the 4th quarter worth $84,000. Geode Capital Management LLC grew its holdings in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after buying an additional 44,684 shares in the last quarter. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of Fluent in the third quarter valued at about $634,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

About Fluent

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.