StockNews.com Begins Coverage on Fluent (NASDAQ:FLNT)

Stock analysts at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Separately, Canaccord Genuity Group dropped their price objective on shares of Fluent from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday.

Fluent Stock Performance

NASDAQ FLNT opened at $2.12 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. The company has a market capitalization of $43.77 million, a P/E ratio of -1.18 and a beta of 1.68. Fluent has a 12-month low of $2.01 and a 12-month high of $4.24. The firm has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $2.61.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.07. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. The company had revenue of $55.21 million during the quarter, compared to the consensus estimate of $57.29 million. During the same quarter in the prior year, the firm posted ($0.30) EPS. Analysts anticipate that Fluent will post -1.82 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. 4WEALTH Advisors Inc. bought a new position in shares of Fluent in the fourth quarter valued at $576,000. Tieton Capital Management LLC raised its holdings 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 period. CacheTech Inc. bought a new stake in shares of Fluent in the 4th quarter worth approximately $76,000. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent in the 4th quarter worth approximately $66,000. Finally, Geode Capital Management LLC grew 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 valued at $233,000 after buying an additional 19,238 shares in the last quarter. 23.33% of the stock is owned by 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.