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

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

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

Fluent Trading Up 1.0 %

Shares of FLNT stock opened at $2.07 on Friday. Fluent has a fifty-two week low of $2.05 and a fifty-two week high of $4.30. The stock has a market cap of $34.94 million, a P/E ratio of -1.15 and a beta of 2.30. The business has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $2.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. On average, analysts forecast that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of Fluent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC grew its holdings in 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 buying an additional 216,877 shares during the period. 4WEALTH Advisors Inc. purchased a new stake in Fluent in the 4th quarter valued at about $576,000. Geode Capital Management LLC grew its holdings in 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 buying an additional 19,238 shares during the period. CacheTech Inc. purchased a new stake in Fluent in the 4th quarter valued at about $76,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in Fluent in the 4th quarter valued at about $66,000. 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.