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

StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

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

Fluent Trading Up 3.9 %

Shares of Fluent stock opened at $2.68 on Friday. Fluent has a 12-month low of $2.31 and a 12-month high of $4.30. The company has a market cap of $45.23 million, a price-to-earnings ratio of -1.49 and a beta of 2.29. 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 company’s 50-day moving average price is $2.78 and its 200-day moving average price is $2.87.

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

Institutional Investors Weigh In On Fluent

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tieton Capital Management LLC raised its stake in Fluent by 25.7% in the fourth 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 in the last quarter. 4WEALTH Advisors Inc. purchased a new stake in Fluent in the fourth quarter valued at approximately $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 valued at $233,000 after purchasing an additional 19,238 shares in the last quarter. CacheTech Inc. purchased a new stake in Fluent in the fourth quarter valued at approximately $76,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in Fluent in the fourth quarter valued at approximately $66,000. 23.33% of the stock is owned by hedge funds and other institutional investors.

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.