Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT – Get Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the stock.
Separately, Canaccord Genuity Group cut their price target on shares of Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Tuesday, August 20th.
View Our Latest Stock Report on Fluent
Fluent Trading Down 9.0 %
Fluent (NASDAQ:FLNT – Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). The company had revenue of $58.72 million for the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. Research analysts forecast that Fluent will post -1 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Fluent stock. Salvus Wealth Management LLC grew its holdings in shares of Fluent, Inc. (NASDAQ:FLNT – Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,875 shares of the company’s stock after acquiring an additional 4,585 shares during the period. Salvus Wealth Management LLC owned about 0.14% of Fluent worth $55,000 as of its most recent SEC filing. 23.33% of the stock is 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.
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