Zacks Investment Research cut shares of Fluent (NASDAQ:FLNT) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.

According to Zacks, “Fluent Inc. provides data-driven performance marketing services. The company is the trusted acquisition partner for both established and growing brands. It creates marketing programs which deliver better digital advertising experiences for consumers and measurable results for advertisers. Fluent Inc., formerly known as COGINT INC, is headquartered in New York City. “

Several other equities research analysts also recently commented on FLNT. Barrington Research raised their target price on Lions Gate Entertainment to $18.00 and gave the company an outperform rating in a report on Wednesday, May 29th. Roth Capital raised their target price on NV5 Global from $90.00 to $96.00 and gave the company a buy rating in a report on Thursday, May 9th. Finally, ValuEngine downgraded Zuora from a buy rating to a hold rating in a report on Saturday, June 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $7.92.

Shares of NASDAQ:FLNT opened at $5.51 on Monday. The stock has a market cap of $458.18 million, a P/E ratio of 55.10, a P/E/G ratio of 0.79 and a beta of 0.96. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29. Fluent has a one year low of $1.95 and a one year high of $7.47. The company’s 50-day moving average is $5.28.

Fluent (NASDAQ:FLNT) last announced its earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $65.61 million. Fluent had a net margin of 3.76% and a return on equity of 5.55%. Equities research analysts expect that Fluent will post 0.19 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Comprehensive Portfolio Management LLC acquired a new position in shares of Fluent during the 2nd quarter worth about $63,000. WINTON GROUP Ltd lifted its position in shares of Fluent by 113.5% during the 2nd quarter. WINTON GROUP Ltd now owns 21,371 shares of the company’s stock worth $115,000 after purchasing an additional 11,362 shares during the last quarter. Tieton Capital Management LLC lifted its position in shares of Fluent by 15.2% during the 1st quarter. Tieton Capital Management LLC now owns 730,840 shares of the company’s stock worth $4,107,000 after purchasing an additional 96,635 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Fluent in the 1st quarter valued at approximately $241,000. Finally, Timpani Capital Management LLC acquired a new position in Fluent in the 1st quarter valued at approximately $407,000. Institutional investors own 27.30% of the company’s stock.

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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