Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

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

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

Fluent Stock Performance

Shares of NASDAQ:FLNT opened at $2.33 on Monday. The business’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $2.80. The company has a market cap of $39.32 million, a P/E ratio of -1.29 and a beta of 2.30. 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 one year low of $2.01 and a one year high of $4.30.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. The company had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. On average, sell-side analysts forecast 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 stake in shares of Fluent during the fourth quarter worth $66,000. CacheTech Inc. acquired a new stake in Fluent during the fourth quarter worth about $76,000. Geode Capital Management LLC lifted its holdings in Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after acquiring an additional 19,238 shares during the last quarter. 4WEALTH Advisors Inc. acquired a new position in Fluent in the fourth quarter valued at approximately $576,000. Finally, Tieton Capital Management LLC grew its holdings in shares of Fluent by 25.7% during the fourth 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 last quarter. 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.