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

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

Separately, Canaccord Genuity Group lowered their target price on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th.

Fluent Trading Down 2.2 %

NASDAQ FLNT opened at $2.62 on Thursday. The firm has a market capitalization of $35.79 million, a PE ratio of -0.88 and a beta of 2.24. The business’s 50-day moving average price is $3.01 and its two-hundred day moving average price is $3.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Fluent has a 12 month low of $2.31 and a 12 month high of $4.78.

Fluent (NASDAQ:FLNT) last announced its earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. The company had revenue of $58.72 million during the quarter, compared to the consensus estimate of $61.61 million. On average, analysts expect that Fluent will post -1 EPS for the current year.

Hedge Funds Weigh In On Fluent

Several institutional investors have recently added to or reduced their stakes in FLNT. Empowered Funds LLC grew its position in shares of Fluent by 8.2% during the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after buying an additional 23,592 shares during the period. Salvus Wealth Management LLC grew its holdings in Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares during the period. JB Capital Partners LP grew its holdings in Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after purchasing an additional 150,150 shares during the period. Victory Capital Management Inc. bought a new stake in Fluent in the fourth quarter valued at $71,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Fluent during the first quarter valued at about $90,000. 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.