Fluent (NASDAQ:FLNT – Get Rating) released its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01), Yahoo Finance reports. Fluent had a positive return on equity of 1.83% and a negative net margin of 13.82%.
Fluent Price Performance
FLNT opened at $1.14 on Thursday. The stock has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.34. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.23. The company has a market cap of $91.14 million, a price-to-earnings ratio of -1.81 and a beta of 2.37. Fluent has a 12-month low of $0.96 and a 12-month high of $2.36.
Hedge Funds Weigh In On Fluent
Institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. bought a new position in Fluent in the first quarter worth $28,000. Prudential Financial Inc. bought a new position in Fluent in the second quarter worth $34,000. Cubist Systematic Strategies LLC bought a new position in Fluent in the second quarter worth $68,000. BNP Paribas Arbitrage SA raised its holdings in Fluent by 204.5% in the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after purchasing an additional 37,660 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Fluent by 64.9% in the third quarter. Bank of New York Mellon Corp now owns 96,459 shares of the company’s stock worth $131,000 after purchasing an additional 37,956 shares in the last quarter. Institutional investors own 26.54% of the company’s stock.
Wall Street Analyst Weigh In
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.
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