Fluent (NASDAQ:FLNT) Announces Quarterly Earnings Results

Fluent (NASDAQ:FLNT – Get Rating) released its earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01), Yahoo Finance reports. Fluent had a negative net margin of 13.82% and a positive return on equity of 1.83%.

Fluent Stock Performance

FLNT opened at $1.14 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a fifty day moving average price of $1.44 and a 200 day moving average price of $1.34. The stock has a market cap of $91.14 million, a P/E ratio of -1.81 and a beta of 2.37. Fluent has a 1 year low of $0.96 and a 1 year high of $2.36.

Institutional Investors Weigh In On Fluent

Large investors have recently modified their holdings of the business. Panagora Asset Management Inc. purchased a new stake in shares of Fluent during the first quarter worth $28,000. Prudential Financial Inc. purchased a new stake in shares of Fluent during the second quarter worth $34,000. BNP Paribas Arbitrage SA grew its holdings in shares of Fluent by 204.5% during the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after buying an additional 37,660 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Fluent in the second quarter valued at about $68,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Fluent by 64.9% in the third quarter. Bank of New York Mellon Corp now owns 96,459 shares of the company’s stock valued at $131,000 after purchasing an additional 37,956 shares during the period. Hedge funds and other institutional investors own 26.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Fluent in a research report on Thursday. They set a “buy” rating on the stock. Barrington Research downgraded shares of Fluent from an “outperform” rating to a “market perform” rating in a research report on Thursday.

About Fluent

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Fluent, Inc engages in the provision of digital marketing services. It operates through the Fluent and All Other segments. The Fluent segment includes delivering data and performance-based marketing executions. The All Other segment represents the operation results of AdParlor, LLC, a digital advertising solution for social media buying.