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

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Friday. The firm set a “hold” rating on the stock.

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

Fluent Stock Up 1.6 %

Fluent stock opened at $2.58 on Friday. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.30. The company has a market cap of $43.54 million, a PE ratio of -1.43 and a beta of 2.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $2.78 and its two-hundred day simple moving average is $2.87.

Fluent (NASDAQ:FLNT) last issued its earnings results on Friday, February 28th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. Equities analysts anticipate that Fluent will post -1.82 EPS for the current year.

Institutional Trading of Fluent

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 4WEALTH Advisors Inc. acquired a new position in Fluent in the fourth quarter valued at approximately $576,000. CacheTech Inc. acquired a new position in shares of Fluent in the 4th quarter valued at $76,000. Geode Capital Management LLC lifted its stake in shares of Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after purchasing an additional 19,238 shares during the period. Tieton Capital Management LLC lifted its stake in shares of Fluent by 25.7% in the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after purchasing an additional 216,877 shares during the period. Finally, Intelligence Driven Advisers LLC acquired a new stake in Fluent during the fourth quarter valued at $66,000. 23.33% of the stock is owned by institutional investors and hedge funds.

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.