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

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research note released on Sunday. The brokerage issued a hold rating on the stock.

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

Fluent Stock Performance

NASDAQ:FLNT opened at $2.04 on Friday. The stock has a market cap of $34.43 million, a P/E ratio of -1.13 and a beta of 2.30. The stock has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $2.83. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 1-year low of $2.01 and a 1-year high of $4.30.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.09. The business had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. Research analysts anticipate that Fluent will post -1.82 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intelligence Driven Advisers LLC acquired a new position in Fluent in the 4th quarter valued at $66,000. Geode Capital Management LLC raised its holdings in shares of Fluent by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after buying an additional 19,238 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new position in shares of Fluent during the 4th quarter worth $576,000. CacheTech Inc. acquired a new position in shares of Fluent during the 4th quarter worth $76,000. Finally, Tieton Capital Management LLC raised its holdings in shares of Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after buying an additional 216,877 shares in the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.

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.