Fluent (NASDAQ:FLNT) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Sunday morning. The firm issued a hold rating on the stock.

Fluent Stock Performance

Shares of NASDAQ:FLNT opened at $3.42 on Friday. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78. The company’s fifty day moving average is $3.14 and its 200-day moving average is $3.36. The company has a market capitalization of $46.72 million, a PE ratio of -1.15 and a beta of 2.37.

Fluent (NASDAQ:FLNT) last issued its earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.18. Fluent had a negative net margin of 14.15% and a negative return on equity of 21.95%. The company had revenue of $72.76 million for the quarter, compared to the consensus estimate of $73.98 million. On average, analysts forecast that Fluent will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLNT. Salvus Wealth Management LLC raised its holdings in shares of Fluent by 90.6% in the fourth quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after buying an additional 50,510 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Fluent in the fourth quarter valued at about $71,000. JB Capital Partners LP raised its holdings in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after buying an additional 150,150 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of Fluent in the first quarter valued at about $90,000. Finally, Empowered Funds LLC raised its holdings in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after buying an additional 23,592 shares during the last quarter. 23.33% of the stock is owned by institutional investors.

About Fluent

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.