Fluent (NASDAQ:FLNT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Thursday. The brokerage 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 report on Friday, February 28th.

Fluent Stock Performance

Shares of NASDAQ:FLNT opened at $2.66 on Thursday. The stock’s 50-day simple moving average is $2.37 and its two-hundred day simple moving average is $2.69. The stock has a market capitalization of $54.91 million, a price-to-earnings ratio of -1.48 and a beta of 2.13. Fluent has a 52-week low of $2.01 and a 52-week high of $4.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data 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. 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%. Analysts expect that Fluent will post -1.82 EPS for the current year.

Institutional Investors Weigh In On Fluent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 4WEALTH Advisors Inc. purchased a new stake in shares of Fluent during the fourth quarter valued at $576,000. Tieton Capital Management LLC raised its stake in shares of Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after acquiring an additional 216,877 shares in the last quarter. CacheTech Inc. bought a new position in shares of Fluent during the 4th quarter worth $76,000. Intelligence Driven Advisers LLC purchased a new position in shares of Fluent during the fourth quarter valued at $66,000. Finally, Geode Capital Management LLC raised 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 acquiring an additional 19,238 shares in the last quarter. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

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.