According to Fintel reports, on May 25, 2023, Barrington Research reiterated coverage of Fluent (NASDAQ:FLNT) with a Market Perform recommendation. The average one-year price target for Fluent as of May 11, 2023 is $3.57, with a projected increase of 460.79% from its latest reported closing price of $0.64. The projected annual revenue for Fluent is $395MM, an increase of 13.11%, and the projected annual non-GAAP EPS is $0.12.
80 funds or institutions reported positions in Fluent, representing a decrease of 8 owners or 9.09% in the last quarter. The average portfolio weight of all funds dedicated to FLNT is 0.05%, an increase of 169.17%. Total shares owned by institutions decreased in the last three months by 5.58% to 20,636K shares. The put/call ratio of FLNT is 0.53, indicating a bullish outlook.
Some major stakeholders in Fluent include Jb Capital Partners, which holds 4,708K shares representing 5.81% ownership of the company, and Tieton Capital Management, which holds 4,647K shares representing 5.73% ownership of the company. Wellington Management Group Llp holds 4,212K shares, representing 5.20% ownership of the company. Vanguard Total Stock Market Index Fund Investor Shares holds 1,011K shares, representing 1.25% ownership of the company, and Bridgeway Capital Management holds 737K shares, representing 0.91% ownership of the company.
Fluent, Inc. is a leading performance marketing company that creates meaningful connections between consumers and brands. The company leverages its proprietary first-party data asset of opted-in consumer profiles to drive intelligent growth strategies that deliver superior outcomes. Fluent was founded in 2010 and is headquartered in New York City.
For more information, refer to the original source, Fintel.
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