Fluent (NASDAQ:FLNT) Now Covered by StockNews.com

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

Fluent Price Performance

FLNT opened at $2.95 on Thursday. The company has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $3.25. The firm has a market cap of $40.12 million, a price-to-earnings ratio of -0.61 and a beta of 2.50. Fluent has a twelve month low of $2.31 and a twelve month high of $4.78. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.74.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.18. The business had revenue of $72.76 million during the quarter, compared to analyst estimates of $73.98 million. Fluent had a negative net margin of 22.22% and a negative return on equity of 13.98%. Equities research analysts expect that Fluent will post -0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

A number of large investors have recently added to or reduced their stakes in FLNT. Salvus Wealth Management LLC grew its holdings in Fluent by 90.6% during the 4th quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after purchasing an additional 50,510 shares in the last quarter. Victory Capital Management Inc. bought a new position in Fluent during the 4th quarter valued at $71,000. JB Capital Partners LP boosted its stake in Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in Fluent during the 1st quarter valued at $90,000. 23.33% of the stock is owned by institutional investors and hedge funds.

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.