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

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

Fluent Price Performance

NASDAQ:FLNT opened at $2.53 on Wednesday. The business’s 50-day simple moving average is $3.01 and its two-hundred day simple moving average is $3.25. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78. The stock has a market cap of $34.41 million, a PE ratio of -0.53 and a beta of 2.50. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.74.

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

Institutional Investors Weigh In On Fluent

A number of hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. bought a new stake in Fluent in the 1st quarter worth approximately $28,000. Prudential Financial Inc. purchased a new stake in Fluent during the second quarter valued at $34,000. BNP Paribas Arbitrage SA lifted its position in Fluent by 204.5% during the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock valued at $117,000 after purchasing an additional 37,660 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Fluent in the 2nd quarter worth $68,000. Finally, Sentinus LLC bought a new stake in shares of Fluent in the 1st quarter worth about $49,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

About Fluent

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.