Fluent (FLNT) Gets a Buy from Lake Street
Lake Street analyst Eric Martinuzzi maintained a Buy rating on Fluent today and set a price target of $5.00.
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Martinuzzi covers the Technology sector, focusing on stocks such as Cognyte Software, One Stop Systems, and SoundThinking Inc. According to TipRanks, Martinuzzi has an average return of 12.3% and a 51.23% success rate on recommended stocks.
Currently, the analyst consensus on Fluent is a Moderate Buy with an average price target of $4.25.
Based on Fluent’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $44.85 million and a GAAP net loss of $5.35 million. In comparison, last year the company earned a revenue of $55.21 million and had a GAAP net loss of $8.27 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock. Last month, Patrick Donald Huntley, the CEO of FLNT sold 19,516.00 shares for a total of $50,322.68.
