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

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

Fluent Stock Up 5.4 %

Shares of FLNT opened at $3.50 on Friday. The stock has a market cap of $47.81 million, a price-to-earnings ratio of -0.72 and a beta of 2.37. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. Fluent has a 12 month low of $2.31 and a 12 month high of $4.78. The company has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $3.27.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18. The firm had revenue of $72.76 million during the quarter, compared to analysts’ expectations of $73.98 million. Fluent had a negative net margin of 22.22% and a negative return on equity of 13.98%. Equities analysts predict that Fluent will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JB Capital Partners LP lifted its stake in 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 purchasing an additional 150,150 shares during the period. Simplicity Wealth LLC bought a new position in shares of Fluent in the first quarter valued at approximately $90,000. Salvus Wealth Management LLC raised its stake in shares of Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after acquiring an additional 4,585 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Fluent in the fourth quarter valued at approximately $71,000. 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.