Fluent (NASDAQ:FLNT) Announces Quarterly Earnings Results

Fluent (NASDAQ:FLNT) released its earnings results on Friday. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.09, Zacks reports. The company 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 Performance

Shares of NASDAQ FLNT opened at $2.71 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 12 month low of $2.31 and a 12 month high of $4.30. The company has a 50 day simple moving average of $2.79 and a two-hundred day simple moving average of $2.89. The stock has a market cap of $45.74 million, a price-to-earnings ratio of -1.51 and a beta of 2.25.

Wall Street Analyst Weigh In

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

Fluent Company Profile

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.