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

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a report published on Tuesday morning. The firm issued a hold rating on the stock.

Separately, Canaccord Genuity Group lowered their price objective on shares of Fluent from $4.50 to $4.00 and set a hold rating for the company in a research note on Tuesday, August 20th.

Fluent Price Performance

Shares of NASDAQ FLNT opened at $2.76 on Tuesday. The firm has a fifty day simple moving average of $3.17 and a 200 day simple moving average of $3.23. Fluent has a twelve month low of $2.31 and a twelve month high of $4.78. 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 company has a market capitalization of $37.70 million, a PE ratio of -0.93 and a beta of 2.24.

Hedge Funds Weigh In On Fluent

Several institutional investors have recently bought and sold shares of the company. Simplicity Wealth LLC purchased a new position in shares of Fluent during the 1st quarter valued at $90,000. JB Capital Partners LP raised its stake in Fluent by 3.1% in the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares during the period. Victory Capital Management Inc. purchased a new stake in Fluent during the fourth quarter valued at about $71,000. Empowered Funds LLC boosted its position in Fluent by 8.2% during the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares during the period. Finally, Salvus Wealth Management LLC increased its stake in shares of Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares in the last quarter. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.