StockNews.com Begins Coverage on Fluent (NASDAQ:FLNT)

Analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

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

Fluent Price Performance

Shares of Fluent stock opened at $2.22 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. Fluent has a one year low of $2.01 and a one year high of $4.30. The business’s 50 day simple moving average is $2.61 and its two-hundred day simple moving average is $2.81. The stock has a market capitalization of $37.47 million, a P/E ratio of -1.23 and a beta of 2.30.

Fluent (NASDAQ:FLNT) last issued its earnings results on Friday, February 28th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.09. The company had revenue of $65.41 million for the quarter, compared to the consensus estimate of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. Analysts forecast that Fluent will post -1.82 EPS for the current year.

Institutional Trading of Fluent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLNT. Tieton Capital Management LLC increased its position in Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after purchasing an additional 216,877 shares during the period. 4WEALTH Advisors Inc. purchased a new position in shares of Fluent during the fourth quarter valued at about $576,000. Geode Capital Management LLC raised its stake in Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after buying an additional 19,238 shares in the last quarter. CacheTech Inc. purchased a new stake in Fluent in the fourth quarter worth about $76,000. Finally, Intelligence Driven Advisers LLC bought a new stake in Fluent during the 4th quarter valued at approximately $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.