Fluent (NASDAQ:FLNT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT – Get Rating) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

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

Fluent Stock Up 8.0 %

Shares of FLNT opened at $1.48 on Tuesday. The stock has a market cap of $118.33 million, a price-to-earnings ratio of -2.35 and a beta of 2.33. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.23. Fluent has a 12 month low of $0.96 and a 12 month high of $2.36. The company has a 50-day moving average price of $1.22 and a two-hundred day moving average price of $1.32.

Fluent (NASDAQ:FLNT – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.04 EPS for the quarter. The firm had revenue of $89.05 million during the quarter, compared to analysts’ expectations of $94.92 million. Fluent had a negative net margin of 13.82% and a positive return on equity of 1.83%. Equities analysts predict that Fluent will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLNT. Millennium Management LLC raised its stake in shares of Fluent by 288.9% in the second quarter. Millennium Management LLC now owns 1,484,426 shares of the company’s stock valued at $1,766,000 after acquiring an additional 1,102,743 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Fluent by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,738,493 shares of the company’s stock valued at $2,347,000 after acquiring an additional 228,922 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Fluent in the second quarter valued at approximately $263,000. Citadel Advisors LLC raised its stake in shares of Fluent by 383.3% in the second quarter. Citadel Advisors LLC now owns 164,533 shares of the company’s stock valued at $196,000 after acquiring an additional 130,492 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Fluent by 63.6% in the third quarter. Two Sigma Advisers LP now owns 194,300 shares of the company’s stock valued at $262,000 after acquiring an additional 75,500 shares during the last quarter. Institutional investors own 26.54% of the company’s stock.

Fluent Company Profile

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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.