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

Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNTGet Free Report) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Separately, Canaccord Genuity Group reissued a “hold” rating and issued a $2.00 price target (down from $3.00) on shares of Fluent in a report on Wednesday, November 15th.

Read Our Latest Report on FLNT

Fluent Trading Up 2.8 %

Shares of NASDAQ:FLNT opened at $0.52 on Monday. Fluent has a 12-month low of $0.39 and a 12-month high of $1.81. The company has a market capitalization of $42.50 million, a PE ratio of -0.32 and a beta of 2.55. The business has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.58.

Fluent (NASDAQ:FLNTGet Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Fluent had a negative net margin of 42.50% and a negative return on equity of 10.18%. The company had revenue of $66.24 million during the quarter, compared to analyst estimates of $80.18 million. Equities research analysts predict that Fluent will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Fluent

A number of institutional investors and hedge funds have recently made changes to their positions in FLNT. Geode Capital Management LLC boosted its stake in Fluent by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 449,231 shares of the company’s stock worth $489,000 after buying an additional 8,091 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in Fluent during the first quarter worth $28,000. State Street Corp boosted its stake in Fluent by 1.8% during the first 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. Prudential Financial Inc. acquired a new position in Fluent during the second quarter worth $34,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Fluent by 40.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 124,578 shares of the company’s stock worth $260,000 after buying an additional 35,826 shares during the last quarter. 23.41% of the stock is currently owned by hedge funds and other institutional investors.

About Fluent

(Get Free Report)

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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