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

Analysts at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNTGet Rating) in a report released on Monday. The firm set a “hold” rating on the stock.

Separately, Canaccord Genuity Group lowered their price target on shares of Fluent from $5.00 to $4.00 in a report on Tuesday, November 8th.

Fluent Price Performance

Fluent stock opened at $1.31 on Monday. The company’s 50 day simple moving average is $1.32 and its 200-day simple moving average is $1.34. The company has a market capitalization of $104.74 million, a price-to-earnings ratio of -2.08 and a beta of 2.34. Fluent has a 1 year low of $1.05 and a 1 year high of $2.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.01 and a current ratio of 2.01.

Hedge Funds Weigh In On Fluent

A number of large investors have recently bought and sold shares of the company. Panagora Asset Management Inc. purchased a new position in Fluent during the 1st quarter worth $28,000. State Street Corp raised its position in Fluent by 1.8% during the 1st quarter. State Street Corp now owns 753,085 shares of the company’s stock worth $1,566,000 after buying an additional 13,456 shares during the last quarter. AE Wealth Management LLC purchased a new position in Fluent during the 3rd quarter worth $28,000. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Fluent during the 3rd quarter worth $28,000. Finally, Transcend Capital Advisors LLC grew its stake in shares of Fluent by 53.7% during the 3rd quarter. Transcend Capital Advisors LLC now owns 77,248 shares of the company’s stock worth $104,000 after purchasing an additional 27,000 shares during the period. Hedge funds and other institutional investors own 27.08% of the company’s stock.

About Fluent

(Get Rating)

Fluent, Inc provides data-driven digital marketing services primarily in the United States. 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.

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