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

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

Fluent Price Performance

Shares of NASDAQ FLNT opened at $2.82 on Monday. 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 company has a market capitalization of $47.60 million, a PE ratio of -1.57 and a beta of 2.25. The firm has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $2.92. Fluent has a twelve month low of $2.31 and a twelve month high of $4.30.

Hedge Funds Weigh In On Fluent

A hedge fund recently bought a new stake in Fluent stock. Intelligence Driven Advisers LLC acquired a new stake in Fluent, Inc. (NASDAQ:FLNT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,231 shares of the company’s stock, valued at approximately $66,000. Intelligence Driven Advisers LLC owned approximately 0.16% of Fluent as of its most recent SEC filing. 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.