StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT – Free Report) in a report released on Tuesday morning. The brokerage issued a hold rating on the stock.
Separately, Canaccord Genuity Group decreased their price objective on Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th.
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Fluent Stock Down 5.3 %
Fluent (NASDAQ:FLNT – Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The firm had revenue of $58.72 million for the quarter, compared to analysts’ expectations of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. Analysts anticipate that Fluent will post -1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Fluent
An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC increased its position in shares of Fluent, Inc. (NASDAQ:FLNT – Free Report) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,597 shares of the company’s stock after acquiring an additional 23,592 shares during the period. Empowered Funds LLC owned about 2.28% of Fluent worth $154,000 as of its most recent filing with the Securities and Exchange Commission. 23.33% of the stock is owned by hedge funds and other institutional investors.
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.
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