StockNews.com Initiates Coverage on Fluent (NASDAQ:FLNT)

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

Separately, Canaccord Genuity Group lowered their price objective on Fluent from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday, May 16th.

Fluent Stock Performance

Shares of FLNT opened at $2.15 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $2.27 and a two-hundred day simple moving average of $2.61. The stock has a market cap of $44.38 million, a price-to-earnings ratio of -1.19 and a beta of 1.68. Fluent has a 52 week low of $2.01 and a 52 week high of $4.24.

Fluent (NASDAQ:FLNT) last released its earnings results on Thursday, May 15th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.07. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The firm had revenue of $55.21 million during the quarter, compared to analysts’ expectations of $57.29 million. During the same quarter last year, the business posted ($0.30) earnings per share. On average, analysts expect that Fluent will post -1.82 EPS for the current year.

Institutional Trading of Fluent

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