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

Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

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

Fluent Stock Performance

Shares of NASDAQ FLNT opened at $2.82 on Friday. The stock has a market capitalization of $47.57 million, a P/E ratio of -0.75 and a beta of 2.28. The firm’s 50-day moving average price is $3.04 and its two-hundred day moving average price is $3.25. Fluent has a 52-week low of $2.31 and a 52-week high of $4.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

Fluent (NASDAQ:FLNT) last posted 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). The firm had revenue of $58.72 million during the quarter, compared to the consensus estimate of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. As a group, sell-side analysts forecast that Fluent will post -1 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC grew its holdings in Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,597 shares of the company’s stock after buying an additional 23,592 shares during the period. Empowered Funds LLC owned 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is owned by 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.