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

Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Monday. The firm set a “hold” rating on the stock.

Separately, Canaccord Genuity Group dropped their price objective 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 Up 4.5 %

NASDAQ:FLNT opened at $3.03 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $2.96 and a 200-day moving average of $3.22. The firm has a market capitalization of $41.39 million, a PE ratio of -1.02 and a beta of 2.25. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78.

Fluent (NASDAQ:FLNT) last issued 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). Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. The company had revenue of $58.72 million for the quarter, compared to the consensus estimate of $61.61 million. Analysts predict that Fluent will post -1 EPS for the current year.

Institutional Trading of Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC lifted its holdings in Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the quarter. Empowered Funds LLC owned 2.28% of Fluent worth $154,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.