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

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a research note published on Friday morning. The firm issued a hold rating on the stock.

Separately, Canaccord Genuity Group set a $3.50 target price on Fluent and gave the stock a “hold” rating in a research report on Friday, February 28th.

Fluent Trading Up 1.6 %

Shares of FLNT opened at $2.48 on Friday. The company’s fifty day moving average is $2.33 and its 200 day moving average is $2.67. Fluent has a fifty-two week low of $2.01 and a fifty-two week high of $4.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $51.20 million, a PE ratio of -1.38 and a beta of 1.68.

Fluent (NASDAQ:FLNT) last released its earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.09. The firm had revenue of $65.41 million for the quarter, compared to the consensus estimate of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. Sell-side analysts expect that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLNT. Tieton Capital Management LLC lifted its holdings in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after buying an additional 216,877 shares during the period. 4WEALTH Advisors Inc. purchased a new stake in shares of Fluent during the fourth quarter worth about $576,000. Geode Capital Management LLC grew its position in Fluent by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after purchasing an additional 19,238 shares during the last quarter. CacheTech Inc. purchased a new stake in shares of Fluent during the fourth quarter valued at $76,000. Finally, Intelligence Driven Advisers LLC acquired a new position in shares of Fluent in the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.