Fluent (NASDAQ:FLNT) Coverage Initiated by Analysts at StockNews.com

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

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

Fluent Price Performance

Shares of FLNT stock opened at $2.07 on Friday. The stock’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $2.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $34.94 million, a price-to-earnings ratio of -1.15 and a beta of 2.30. Fluent has a one year low of $2.05 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) EPS for the quarter, topping 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 return on equity of 64.75% and a negative net margin of 10.59%. On average, analysts expect that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluent

Institutional investors and hedge funds have recently made changes to their positions in the company. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent during the fourth quarter worth $66,000. CacheTech Inc. bought a new stake in shares of Fluent during the fourth quarter worth $76,000. Geode Capital Management LLC raised its position in shares of 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 last quarter. 4WEALTH Advisors Inc. bought a new stake in shares of Fluent during the fourth quarter worth $576,000. Finally, Tieton Capital Management LLC increased its holdings in Fluent by 25.7% in 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 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.