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

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group set a $3.50 target price on Fluent and gave the company a “hold” rating in a research note on Friday, February 28th.

Fluent Stock Performance

Shares of FLNT stock opened at $2.20 on Wednesday. The stock has a market cap of $45.42 million, a PE ratio of -1.22 and a beta of 2.13. The stock has a 50-day moving average of $2.41 and a 200-day moving average of $2.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. Fluent has a one year low of $2.01 and a one year high of $4.30.

Fluent (NASDAQ:FLNT) last posted its earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.09. The company had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. As a group, sell-side analysts expect that Fluent will post -1.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. 4WEALTH Advisors Inc. acquired a new position in Fluent during the fourth quarter worth $576,000. Tieton Capital Management LLC boosted its stake in shares of Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after buying an additional 216,877 shares during the last quarter. CacheTech Inc. bought a new position in shares of Fluent in the 4th quarter valued at about $76,000. Intelligence Driven Advisers LLC acquired a new stake in shares of Fluent in the fourth quarter valued at about $66,000. Finally, Geode Capital Management LLC boosted its position in Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after purchasing an additional 19,238 shares during the last quarter. 23.33% of the stock is currently owned by institutional investors.

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.