Fluent (NASDAQ:FLNT) Releases Earnings Results, Beats Expectations By $0.09 EPS

Fluent (NASDAQ:FLNT) announced 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. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. The firm had revenue of $65.41 million for the quarter, compared to analysts’ expectations of $68.06 million.

Fluent Stock Performance

Shares of Fluent stock opened at $2.71 on Friday. The stock has a market cap of $45.74 million, a price-to-earnings ratio of -1.51 and a beta of 2.25. The firm’s 50-day moving average is $2.79 and its 200 day moving average is $2.88. Fluent has a 1 year low of $2.31 and a 1 year high of $4.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94.

Wall Street Analyst Weigh In

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

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.