Fluent (NASDAQ:FLNT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

Separately, Canaccord Genuity Group decreased their price target on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a report on Tuesday, August 20th.

Fluent Price Performance

Shares of Fluent stock opened at $3.02 on Friday. Fluent has a 12 month low of $2.31 and a 12 month high of $4.78. The business has a fifty day simple moving average of $3.03 and a 200 day simple moving average of $3.26. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The stock has a market cap of $50.95 million, a PE ratio of -0.80 and a beta of 2.28.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. The company had revenue of $58.72 million during the quarter, compared to the consensus estimate of $61.61 million. Research analysts predict that Fluent will post -1 EPS for the current year.

Institutional Trading of Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC lifted its stake in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,597 shares of the company’s stock after acquiring an additional 23,592 shares during the period. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is owned by institutional investors.

About Fluent

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.