Fluent (NASDAQ:FLNT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group cut their target price on shares of Fluent from $4.50 to $4.00 and set a hold rating on the stock in a research note on Tuesday, August 20th.

Fluent Stock Performance

Shares of Fluent stock opened at $2.89 on Thursday. The business has a 50-day moving average price of $2.98 and a two-hundred day moving average price of $3.20. Fluent has a 1-year low of $2.31 and a 1-year high of $4.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The company has a market cap of $39.48 million, a P/E ratio of -0.97 and a beta of 2.24.

Fluent (NASDAQ:FLNT) last released its earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. The business had revenue of $58.72 million for the quarter, compared to analyst estimates of $61.61 million. As a group, analysts anticipate that Fluent will post -1 EPS for the current year.

Institutional Investors Weigh In On Fluent

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of Fluent in the fourth 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 purchasing an additional 150,150 shares during the last quarter. Salvus Wealth Management LLC boosted its stake in Fluent by 4.3% during the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares during the last quarter. Simplicity Wealth LLC bought a new stake in Fluent during the 1st quarter worth approximately $90,000. Finally, Empowered Funds LLC raised its stake in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares during the last quarter. 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.