Fluent (NASDAQ:FLNT) Posts Earnings Results, Hits Expectations

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

A number of analysts recently commented on the company. StockNews.com assumed coverage on Fluent in a research note on Thursday. They issued a “buy” rating for the company. Barrington Research lowered Fluent from an “outperform” rating to a “market perform” rating in a research note 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.