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

Analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Monday. The brokerage set a “hold” rating on the stock.

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

Fluent Trading Up 7.5 %

NASDAQ:FLNT opened at $3.10 on Monday. The stock has a market cap of $42.28 million, a price-to-earnings ratio of -1.04 and a beta of 2.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78. The business has a fifty day moving average of $2.96 and a 200-day moving average of $3.23.

Fluent (NASDAQ:FLNT) last announced its earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $61.61 million. Equities analysts predict that Fluent will post -1 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC boosted its holdings in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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. Hedge funds and other 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.