Fluent (NASDAQ:FLNT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNTFree Report) in a research report report published on Friday morning. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a hold rating and set a $2.00 price objective (down previously from $3.00) on shares of Fluent in a report on Wednesday, November 15th.

Get Our Latest Report on Fluent

Fluent Trading Down 1.9 %

NASDAQ:FLNT opened at $0.51 on Friday. The firm has a market cap of $41.43 million, a P/E ratio of -0.31 and a beta of 2.50. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $0.49 and its 200-day simple moving average is $0.60. Fluent has a 12-month low of $0.39 and a 12-month high of $1.81.

Insider Buying and Selling

In other Fluent news, major shareholder Phillip Md Et Al Frost acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were purchased at an average price of $0.46 per share, with a total value of $46,000.00. Following the completion of the acquisition, the insider now directly owns 18,834,874 shares of the company’s stock, valued at approximately $8,664,042.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 21.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluent

Several large investors have recently bought and sold shares of the company. Panagora Asset Management Inc. purchased a new stake in shares of Fluent in the first quarter valued at $28,000. Prudential Financial Inc. purchased a new stake in shares of Fluent in the second quarter valued at $34,000. Salvus Wealth Management LLC purchased a new stake in shares of Fluent in the third quarter valued at $25,000. BNP Paribas Arbitrage SA lifted its position in Fluent by 204.5% during the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after buying an additional 37,660 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Fluent during the second quarter worth about $68,000. Institutional investors and hedge funds own 23.41% of the company’s stock.

About Fluent

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Fluent, Inc provides data-driven digital marketing services primarily in the United States. 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.

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