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

StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Wednesday morning. The brokerage issued a hold rating on the stock.

Fluent Stock Performance

NASDAQ:FLNT opened at $2.92 on Wednesday. Fluent has a 12 month low of $2.31 and a 12 month high of $4.30. The firm has a market cap of $49.29 million, a price-to-earnings ratio of -1.62 and a beta of 2.25. 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 company’s 50 day moving average is $2.79 and its 200-day moving average is $2.89.

Hedge Funds Weigh In On Fluent

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intelligence Driven Advisers LLC bought a new position in Fluent during the fourth quarter worth $66,000. CacheTech Inc. bought a new position in Fluent during the fourth quarter worth $76,000. Geode Capital Management LLC increased its position in Fluent by 26.2% during 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 period. 4WEALTH Advisors Inc. bought a new position in Fluent during the fourth quarter worth $576,000. Finally, Tieton Capital Management LLC increased its position in 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 acquiring an additional 216,877 shares during the period. 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.