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

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

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

Fluent Price Performance

Shares of Fluent stock opened at $2.15 on Tuesday. The business has a 50 day moving average of $2.57 and a 200 day moving average of $2.79. Fluent has a 52 week low of $2.01 and a 52 week high of $4.30. The company has a market cap of $36.29 million, a PE ratio of -1.19 and a beta of 2.13. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.09. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. The business had revenue of $65.41 million during the quarter, compared to analyst estimates of $68.06 million. As a group, equities research analysts forecast that Fluent will post -1.82 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLNT. Intelligence Driven Advisers LLC purchased a new stake in shares of Fluent in the 4th quarter worth about $66,000. Tieton Capital Management LLC grew 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 worth $2,676,000 after purchasing an additional 216,877 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $233,000 after purchasing an additional 19,238 shares in the last quarter. CacheTech Inc. bought a new position in shares of Fluent during the fourth quarter valued at approximately $76,000. Finally, 4WEALTH Advisors Inc. purchased a new position in shares of Fluent during the fourth quarter valued at approximately $576,000. Hedge funds and other 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.