Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

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

Fluent Stock Performance

NASDAQ:FLNT opened at $2.04 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 1-year low of $2.01 and a 1-year high of $4.30. The firm has a market capitalization of $34.43 million, a price-to-earnings ratio of -1.13 and a beta of 2.30. The stock has a fifty day simple moving average of $2.70 and a 200 day simple moving average of $2.83.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The business had revenue of $65.41 million during the quarter, compared to analyst estimates of $68.06 million. Sell-side analysts forecast that Fluent will post -1.82 earnings per share for the current year.

Institutional Investors Weigh In On Fluent

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after acquiring an additional 19,238 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new stake in Fluent in the 4th quarter worth about $66,000. CacheTech Inc. purchased a new stake in Fluent in the 4th quarter worth about $76,000. Tieton Capital Management LLC lifted its stake in Fluent by 25.7% in the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after acquiring an additional 216,877 shares in the last quarter. Finally, 4WEALTH Advisors Inc. purchased a new stake in Fluent in the 4th quarter worth about $576,000. 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.