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

Stock analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Fluent Stock Up 0.5 %

FLNT stock opened at $2.94 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.89. Fluent has a 12 month low of $2.31 and a 12 month high of $4.30. The firm has a market capitalization of $49.53 million, a PE ratio of -1.63 and a beta of 2.25.

Hedge Funds Weigh In On Fluent

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tieton Capital Management LLC grew its position in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after acquiring an additional 216,877 shares during the period. 4WEALTH Advisors Inc. purchased a new position in shares of Fluent in the 4th quarter worth about $576,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 19,238 shares in the last quarter. CacheTech Inc. purchased a new stake in shares of Fluent during the 4th quarter worth about $76,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in Fluent during the 4th quarter worth approximately $66,000. 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.