Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Fluent Trading Up 4.5 %

Shares of Fluent stock opened at $2.53 on Wednesday. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market cap of $34.41 million, a PE ratio of -0.53 and a beta of 2.50. The firm has a fifty day moving average price of $3.01 and a 200 day moving average price of $3.25.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.18. The business had revenue of $72.76 million for the quarter, compared to analyst estimates of $73.98 million. Fluent had a negative return on equity of 13.98% and a negative net margin of 22.22%. Equities research analysts predict that Fluent will post -0.66 earnings per share for the current year.

Institutional Investors Weigh In On Fluent

Several hedge funds have recently modified their holdings of FLNT. Salvus Wealth Management LLC increased its stake in shares of Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fluent by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 449,231 shares of the company’s stock valued at $489,000 after buying an additional 8,091 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Fluent during the 1st quarter worth approximately $28,000. State Street Corp lifted its position in shares of Fluent by 1.8% during the 1st quarter. State Street Corp now owns 753,085 shares of the company’s stock valued at $1,566,000 after buying an additional 13,456 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Fluent in the 2nd quarter worth $34,000. 23.33% of the stock is owned by hedge funds and other institutional investors.

About Fluent

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.