Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

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

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

Fluent Price Performance

Shares of NASDAQ FLNT opened at $2.04 on Friday. Fluent has a 1-year low of $2.01 and a 1-year high of $4.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day moving average price is $2.70 and its two-hundred day moving average price is $2.83. The firm has a market capitalization of $34.43 million, a PE ratio of -1.13 and a beta of 2.30.

Fluent (NASDAQ:FLNT) last issued its earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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. On average, research analysts expect that Fluent will post -1.82 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Intelligence Driven Advisers LLC bought a new position in shares of Fluent in the fourth quarter worth $66,000. CacheTech Inc. bought a new position in Fluent during the fourth quarter valued at about $76,000. Geode Capital Management LLC boosted its stake in Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after buying an additional 19,238 shares in the last quarter. 4WEALTH Advisors Inc. bought a new position in Fluent during the fourth quarter valued at about $576,000. Finally, Tieton Capital Management LLC boosted its stake in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after buying an additional 216,877 shares in the last quarter. Institutional investors own 23.33% of the company’s stock.

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.