Fluent Inc (NASDAQ:FLNT) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,963,400 shares, an increase of 25.2% from the May 30th total of 1,567,800 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average trading volume of 526,800 shares, the short-interest ratio is currently 3.7 days.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in Fluent by 43.9% during the fourth quarter. Rhumbline Advisers now owns 43,408 shares of the company’s stock valued at $156,000 after acquiring an additional 13,250 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Fluent during the fourth quarter valued at approximately $82,000. BlackRock Inc. grew its stake in Fluent by 7.2% during the fourth quarter. BlackRock Inc. now owns 1,797,693 shares of the company’s stock valued at $6,472,000 after acquiring an additional 121,479 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Fluent by 27.2% during the fourth quarter. Bank of New York Mellon Corp now owns 141,004 shares of the company’s stock valued at $507,000 after acquiring an additional 30,162 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in Fluent by 86.8% during the fourth quarter. GSA Capital Partners LLP now owns 103,700 shares of the company’s stock valued at $373,000 after acquiring an additional 48,200 shares in the last quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.
FLNT has been the subject of several recent research reports. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Barrington Research lifted their target price on shares of Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Roth Capital lifted their target price on shares of NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Four equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $7.92.
Shares of FLNT traded up $0.23 during trading hours on Friday, hitting $5.81. The company’s stock had a trading volume of 251,066 shares, compared to its average volume of 434,587. The company has a market cap of $428.25 million, a P/E ratio of 58.10, a price-to-earnings-growth ratio of 0.73 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. The company has a 50 day moving average price of $5.23. Fluent has a 52-week low of $1.95 and a 52-week high of $7.47.
Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $66.56 million during the quarter, compared to analysts’ expectations of $65.61 million. Fluent had a return on equity of 5.55% and a net margin of 3.76%. As a group, sell-side analysts anticipate that Fluent will post 0.19 EPS for the current year.
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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