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

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

Fluent Price Performance

FLNT opened at $2.92 on Tuesday. The company has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $2.91. The firm has a market capitalization of $49.28 million, a PE ratio of -1.62 and a beta of 2.25. Fluent has a 52 week low of $2.31 and a 52 week high of $4.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94.

Institutional Investors Weigh In On Fluent

An institutional investor recently bought a new position in Fluent stock. Intelligence Driven Advisers LLC purchased a new stake in Fluent, Inc. (NASDAQ:FLNT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,231 shares of the company’s stock, valued at approximately $66,000. Intelligence Driven Advisers LLC owned about 0.16% of Fluent at the end of the most recent reporting period. 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.