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

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Monday. The firm issued 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 note on Friday, February 28th.

Fluent Price Performance

Shares of NASDAQ FLNT opened at $2.18 on Monday. The stock has a market cap of $36.79 million, a P/E ratio of -1.21 and a beta of 2.30. The firm’s 50-day simple moving average is $2.62 and its 200 day simple moving average is $2.81. Fluent has a fifty-two week low of $2.01 and a fifty-two week high of $4.30. 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 (NASDAQ:FLNT) last released its quarterly earnings results on Friday, February 28th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates 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%. Equities analysts expect that Fluent will post -1.82 EPS for the current year.

Institutional Investors Weigh In On Fluent

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tieton Capital Management LLC grew its stake in shares of 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 purchasing an additional 216,877 shares during the last quarter. Intelligence Driven Advisers LLC acquired a new position in Fluent in the fourth quarter worth approximately $66,000. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 19,238 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new stake in shares of Fluent during the 4th quarter valued at $576,000. Finally, CacheTech Inc. bought a new stake in shares of Fluent during the 4th quarter worth $76,000. 23.33% of the stock is owned by institutional investors and hedge funds.

About Fluent

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.