Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT – Get Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.
Fluent Stock Performance
Shares of FLNT stock opened at $2.92 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $2.79 and a 200 day moving average price of $2.89. The company has a market cap of $49.29 million, a P/E ratio of -1.62 and a beta of 2.25. Fluent has a 12 month low of $2.31 and a 12 month high of $4.30.
Institutional Investors Weigh In On Fluent
A number of institutional investors and hedge funds have recently made changes to their positions in FLNT. Intelligence Driven Advisers LLC purchased a new position in Fluent during the fourth quarter worth about $66,000. Tieton Capital Management LLC raised its holdings in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after purchasing an additional 216,877 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after purchasing an additional 19,238 shares in the last quarter. CacheTech Inc. purchased a new position in Fluent during the fourth quarter worth about $76,000. Finally, 4WEALTH Advisors Inc. purchased a new position in Fluent during the fourth quarter worth about $576,000. 23.33% of the stock is owned by hedge funds and other institutional investors.
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.
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