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

Research analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

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

Fluent Stock Performance

Shares of FLNT stock opened at $2.12 on Friday. Fluent has a 52-week low of $2.01 and a 52-week high of $4.30. 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 stock has a market cap of $35.78 million, a PE ratio of -1.18 and a beta of 2.30. The business has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $2.83.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. On average, equities analysts expect that Fluent will post -1.82 EPS for the current year.

Institutional Trading of Fluent

A number of institutional investors and hedge funds have recently modified their holdings of FLNT. Intelligence Driven Advisers LLC purchased a new position in Fluent in the 4th quarter valued at about $66,000. CacheTech Inc. purchased a new position in shares of Fluent in the fourth quarter valued at approximately $76,000. Geode Capital Management LLC boosted its stake in shares of 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. purchased a new stake in shares of Fluent during the fourth quarter worth approximately $576,000. Finally, Tieton Capital Management LLC increased its position 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 worth $2,676,000 after purchasing an additional 216,877 shares in the last quarter. Hedge funds and other institutional investors 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.