Fluent (NASDAQ:FLNT) Issues Earnings Results

Fluent (NASDAQ:FLNT) posted its earnings results on Friday. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09, Zacks reports. The business had revenue of $65.41 million for the quarter, compared to the consensus estimate of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%.

Fluent Stock Up 2.3 %

Shares of Fluent stock opened at $2.71 on Friday. The firm’s 50 day moving average price is $2.79 and its 200-day moving average price is $2.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 52-week low of $2.31 and a 52-week high of $4.30. The company has a market cap of $45.74 million, a P/E ratio of -1.51 and a beta of 2.25.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FLNT shares. StockNews.com started coverage on shares of Fluent in a research report on Thursday. They set a “hold” rating on the stock. Canaccord Genuity Group set a $3.50 price objective on shares of Fluent in a research report on Friday.

About Fluent

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.