In a report released yesterday, James Goss from Barrington maintained a Buy rating on Fluent Inc (NASDAQ: FLNT), with a price target of $4. The company’s shares closed yesterday at $2.58, close to its 52-week low of $2.20.
Goss wrote:
“We reaffirm our OUTPERFORM rating and maintain our $4 price target. We had felt the value of the earlier stock was heavily provided by Fluent and feel the continuing operations of Fluent should have sufficient substance to appeal to small cap investors. Our initial $4 target uses a conservative EBITDA multiple of under 10x. Company Description Fluent is a performance marketing company. It gathers information from users who opt‐in with information characterizing their wants and needs in return for offers of various sorts, providing Fluent and its customers with data that is valuable to marketers. Its former parent had acquired the private to both provide critical mass and broaden capabilities and reach into the marketing and advertising technology space.”
According to TipRanks.com, Goss is a 4-star analyst with an average return of 12.2% and a 58.2% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
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The company has a one-year high of $6.95 and a one-year low of $2.20. Currently, Fluent Inc has an average volume of 68.97K.
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Fluent, Inc. is a data and analytics company providing information and marketing solutions to businesses in a variety of industries. Through proprietary technology and a massive data repository, their data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. It serves the risk management and the consumer marketing industries through its consolidated subsidiaries Interactive Data, LLC and Fluent LLC, respectively. Interactive Data provides information solutions to a broad and diverse set of industries including financial services, insurance, healthcare, corporate risk, law enforcement, government, collections, retail and legal, for purposes including identity verification, location, due diligence, risk management, prevention and detection of fraud and abuse, legislative compliance and debt recovery. Fluent provides people based, digital marketing solutions to leading consumer brands and direct marketers utilizing Fluent’s proprietary audience data and technology to enable marketers to acquire their best customers, with precision, at a massive scale. The company was founded in 2005 and is headquartered in Boca Raton, FL.
