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

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT – Get Rating) in a report released on Thursday. The brokerage issued a buy rating on the stock.

Fluent Trading Down 9.4 %

Fluent stock opened at $0.70 on Thursday. The business has a 50 day moving average of $1.42 and a 200-day moving average of $1.33. The company has a quick ratio of 2.01, a current ratio of 1.84 and a debt-to-equity ratio of 0.38. Fluent has a 1 year low of $0.64 and a 1 year high of $2.36.

Fluent (NASDAQ:FLNT – Get Rating) last released its earnings results on Wednesday, March 15th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $84.66 million during the quarter, compared to the consensus estimate of $89.34 million. Fluent had a negative net margin of 34.15% and a negative return on equity of 0.80%. On average, analysts anticipate that Fluent will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Fluent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLNT. Millennium Management LLC increased its position in Fluent by 288.9% during the 2nd quarter. Millennium Management LLC now owns 1,484,426 shares of the company’s stock valued at $1,766,000 after purchasing an additional 1,102,743 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Fluent by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,738,493 shares of the company’s stock worth $2,347,000 after buying an additional 228,922 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Fluent during the 2nd quarter worth approximately $263,000. Bleakley Financial Group LLC bought a new position in shares of Fluent during the 4th quarter worth approximately $198,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Fluent by 383.3% during the 2nd quarter. Citadel Advisors LLC now owns 164,533 shares of the company’s stock worth $196,000 after buying an additional 130,492 shares in the last quarter. Institutional investors and hedge funds own 26.54% of the company’s stock.

About Fluent

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Fluent, Inc engages in the provision of digital marketing services. It operates through the Fluent and All Other segments. The Fluent segment includes delivering data and performance-based marketing executions. The All Other segment represents the operation results of AdParlor, LLC, a digital advertising solution for social media buying.