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

StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report published on Thursday. The brokerage issued a hold rating on the stock.

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

Fluent Price Performance

Shares of FLNT opened at $3.04 on Thursday. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average price is $3.02 and its 200 day moving average price is $3.26.

Fluent (NASDAQ:FLNT) last posted its quarterly 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 net margin of 20.26% and a negative return on equity of 56.62%. The company had revenue of $58.72 million for the quarter, compared to analysts’ expectations of $61.61 million. As a group, sell-side analysts forecast that Fluent will post -1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC boosted its holdings in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 311,597 shares of the company’s stock after buying an additional 23,592 shares during the quarter. Empowered Funds LLC owned about 2.28% of Fluent worth $154,000 at the end of the most recent quarter. Institutional investors own 23.33% of the company’s stock.

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.