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

Analysts at StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Thursday. The firm set a “hold” rating on the stock.

Fluent Trading Up 6.1 %

Shares of FLNT opened at $2.95 on Thursday. The company has a market cap of $40.12 million, a price-to-earnings ratio of -0.61 and a beta of 2.50. Fluent has a 52-week low of $2.31 and a 52-week high of $4.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $3.25.

Fluent (NASDAQ:FLNT) last released its earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18. The company had revenue of $72.76 million during the quarter, compared to the consensus estimate of $73.98 million. Fluent had a negative return on equity of 13.98% and a negative net margin of 22.22%. Analysts predict that Fluent will post -0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

A number of institutional investors and hedge funds have recently made changes to their positions in FLNT. Simplicity Wealth LLC bought a new stake in shares of Fluent during the first quarter worth $90,000. JB Capital Partners LP raised its position in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after acquiring an additional 150,150 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Fluent during the fourth quarter worth $71,000. Finally, Salvus Wealth Management LLC raised its position in shares of Fluent by 90.6% during the fourth quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock worth $71,000 after acquiring an additional 50,510 shares during the last quarter. 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.