Barrington analyst James Goss maintained a Buy rating on Fluent Inc (FLNT) today and set a price target of $9. The company’s shares closed yesterday at $4.92.
Goss wrote:
“We reaffirm our OUTPERFORM investment rating: Our price target is $9. Fluent’s valuation was relatively depressed following the separation from Red Violet. The multiple that we assigned to Fluent was somewhat under 2.5x sales, which feel was supported by the sustained top-line growth and potential for margin expansion in the coming year. 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 5-star analyst with an average return of 9.7% and a 57.6% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
Fluent Inc has an analyst consensus of Moderate Buy, with a price target consensus of $9.
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The company has a one-year high of $7.47 and a one-year low of $1.95. Currently, Fluent Inc has an average volume of 453.2K.
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Fluent, Inc. provides scalable, data-driven performance marketing and customer acquisition services. It creates marketing programs. The company was founded in 2005 and is headquartered in New York, NY.
