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

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

Separately, Canaccord Genuity Group reduced their target price on Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th.

Fluent Stock Up 12.8 %

NASDAQ FLNT opened at $3.18 on Friday. The business has a 50 day moving average price of $3.04 and a two-hundred day moving average price of $3.25. The stock has a market cap of $53.65 million, a PE ratio of -1.66 and a beta of 2.28. Fluent has a fifty-two week low of $2.31 and a fifty-two 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.

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). The business had revenue of $58.72 million for the quarter, compared to analysts’ expectations of $61.61 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 59.27%. As a group, sell-side analysts predict that Fluent will post -1 EPS for the current fiscal year.

Institutional Trading of Fluent

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