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

Stock analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

Fluent Price Performance

FLNT stock opened at $2.68 on Thursday. The company’s fifty day simple moving average is $2.80 and its 200 day simple moving average is $2.89. Fluent has a 12-month low of $2.31 and a 12-month high of $4.30. 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 firm has a market cap of $45.23 million, a price-to-earnings ratio of -1.49 and a beta of 2.25.

Institutional Trading of Fluent

Several hedge funds have recently added to or reduced their stakes in the stock. 4WEALTH Advisors Inc. purchased a new stake in Fluent in the fourth quarter valued at approximately $576,000. Tieton Capital Management LLC increased its stake in shares of 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 buying an additional 216,877 shares during the period. CacheTech Inc. purchased a new position in shares of Fluent in the fourth quarter valued at about $76,000. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent in the fourth quarter worth about $66,000. Finally, Geode Capital Management LLC grew its position in shares of Fluent by 26.2% in 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 during the last quarter. 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.