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

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

Fluent Stock Performance

FLNT opened at $3.85 on Monday. The company has a 50-day moving average of $3.27 and a 200-day moving average of $3.38. The company has a market capitalization of $52.59 million, a P/E ratio of -1.30 and a beta of 2.37. Fluent has a 1-year low of $2.31 and a 1-year high of $4.78.

Fluent (NASDAQ:FLNTGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.18. Fluent had a negative net margin of 14.15% and a negative return on equity of 21.95%. The business had revenue of $72.76 million during the quarter, compared to analyst estimates of $73.98 million. As a group, sell-side analysts expect that Fluent will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLNT. Salvus Wealth Management LLC raised its position in shares of Fluent by 90.6% during the 4th quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock worth $71,000 after buying an additional 50,510 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Fluent during the 4th quarter worth about $71,000. JB Capital Partners LP raised its position in shares of Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after buying an additional 150,150 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Fluent during the 1st quarter worth about $90,000. Finally, Empowered Funds LLC raised its holdings in shares of Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares in the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.

Fluent Company Profile

(Get Free Report)

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.

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