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

Research analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

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

Fluent Stock Down 4.3 %

Shares of NASDAQ:FLNT opened at $2.20 on Wednesday. The stock has a market capitalization of $45.42 million, a P/E ratio of -1.22 and a beta of 2.13. The stock’s 50-day moving average price is $2.43 and its 200-day moving average price is $2.72. 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 12-month low of $2.01 and a 12-month high of $4.30.

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

Institutional Trading of Fluent

Institutional investors have recently modified their holdings of the company. 4WEALTH Advisors Inc. purchased a new position in Fluent during the 4th quarter valued at about $576,000. Tieton Capital Management LLC lifted its holdings in Fluent by 25.7% in 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 during the period. CacheTech Inc. bought a new stake in shares of Fluent in the 4th quarter worth approximately $76,000. Intelligence Driven Advisers LLC purchased a new position in shares of Fluent during the fourth quarter valued at approximately $66,000. Finally, Geode Capital Management LLC raised its holdings 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 acquiring an additional 19,238 shares in the last quarter. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

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.