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

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.

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

Fluent Price Performance

Shares of FLNT stock opened at $3.06 on Wednesday. The stock has a 50 day moving average price of $2.98 and a 200 day moving average price of $3.23. Fluent has a 52-week low of $2.31 and a 52-week high of $4.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $51.63 million, a P/E ratio of -1.03 and a beta of 2.25.

Fluent (NASDAQ:FLNT) last released its earnings results on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The business had revenue of $58.72 million for the quarter, compared to the consensus estimate of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. As a group, sell-side analysts predict that Fluent will post -1 earnings per share for the current year.

Institutional Inflows and Outflows

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