Fluent (NASDAQ:FLNT) Price Target Lowered to $4.00 at Canaccord Genuity Group

Fluent (NASDAQ:FLNT) had its target price lowered by Canaccord Genuity Group from $4.50 to $4.00 in a report released on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, StockNews.com began coverage on shares of Fluent in a research note on Sunday. They issued a hold rating for the company.

Fluent Stock Performance

NASDAQ FLNT opened at $2.71 on Tuesday. The firm’s 50 day moving average price is $3.32 and its 200-day moving average price is $3.26. Fluent has a 52-week low of $2.31 and a 52-week high of $4.78. The company has a market cap of $37.02 million, a PE ratio of -0.91 and a beta of 2.31.

Institutional Investors Weigh In On Fluent

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after buying an additional 23,592 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in shares of Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after buying an additional 4,585 shares during the last quarter. JB Capital Partners LP raised its holdings in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after buying an additional 150,150 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Fluent in the fourth quarter worth $71,000. Finally, Simplicity Wealth LLC purchased a new position in shares of Fluent in the first quarter worth $90,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.