StockNews.com Initiates Coverage on Fluent (NASDAQ:FLNT)

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

Separately, Canaccord Genuity Group set a $3.50 price objective on Fluent and gave the company a “hold” rating in a research report on Friday, February 28th.

Fluent Price Performance

NASDAQ:FLNT opened at $2.68 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $2.78 and its 200 day moving average price is $2.87. Fluent has a 52-week low of $2.31 and a 52-week high of $4.30. The firm has a market cap of $45.23 million, a P/E ratio of -1.49 and a beta of 2.29.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Friday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.09. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. The company had revenue of $65.41 million for the quarter, compared to analysts’ expectations of $68.06 million. As a group, sell-side analysts predict that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of Fluent

Several institutional investors and hedge funds have recently bought and sold shares of FLNT. Intelligence Driven Advisers LLC acquired a new position in shares of Fluent in the fourth quarter worth about $66,000. CacheTech Inc. acquired a new position in Fluent in the 4th quarter worth approximately $76,000. Geode Capital Management LLC grew its position in Fluent by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after purchasing an additional 19,238 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new stake in Fluent during the 4th quarter valued at $576,000. Finally, Tieton Capital Management LLC raised its stake in Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after purchasing an additional 216,877 shares during the period. Institutional investors and hedge funds own 23.33% of the company’s stock.

Fluent Company Profile

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.