Fluent (NASDAQ:FLNT) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Friday. The firm set a “hold” rating on the stock.

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

Fluent Stock Performance

Shares of NASDAQ FLNT opened at $2.68 on Friday. The business’s 50-day simple moving average is $2.78 and its 200-day simple moving average is $2.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. 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 price-to-earnings ratio of -1.49 and a beta of 2.29.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tieton Capital Management LLC grew its stake in shares of Fluent by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after acquiring an additional 216,877 shares during the last quarter. 4WEALTH Advisors Inc. bought a new stake in Fluent in the 4th quarter valued at $576,000. Geode Capital Management LLC grew its position in Fluent by 26.2% in 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 during the last quarter. CacheTech Inc. bought a new position in shares of Fluent during the 4th quarter worth about $76,000. Finally, Intelligence Driven Advisers LLC bought a new position in shares of Fluent during the 4th quarter worth about $66,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.