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

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Separately, Canaccord Genuity Group reduced their price objective on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th.

Fluent Stock Performance

Shares of Fluent stock opened at $3.03 on Thursday. The company has a market cap of $51.12 million, a PE ratio of -0.80 and a beta of 2.28. 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 has a 52 week low of $2.31 and a 52 week high of $4.78. The business has a 50 day moving average price of $3.01 and a 200-day moving average price of $3.25.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.50) earnings per share (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 firm had revenue of $58.72 million for the quarter, compared to analysts’ expectations of $61.61 million. Equities analysts anticipate that Fluent will post -1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC increased its stake in Fluent, Inc. (NASDAQ:FLNT) by 8.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 311,597 shares of the company’s stock after buying an additional 23,592 shares during the quarter. Empowered Funds LLC owned 2.28% of Fluent worth $154,000 at the end of the most recent quarter. Hedge funds and other 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.