Fluent (NASDAQ:FLNT) Research Coverage Started at StockNews.com

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

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

Fluent Price Performance

FLNT opened at $2.09 on Friday. The firm has a market cap of $35.27 million, a PE ratio of -1.16 and a beta of 2.30. The stock has a 50-day moving average price of $2.75 and a 200-day moving average price of $2.85. Fluent has a 1 year low of $2.05 and a 1 year high of $4.30. 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 (NASDAQ:FLNT) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. The business had revenue of $65.41 million during 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%. Sell-side analysts predict that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluent

Large investors have recently added to or reduced their stakes in the stock. Intelligence Driven Advisers LLC purchased a new position in shares of Fluent in the 4th quarter worth $66,000. CacheTech Inc. bought a new position in Fluent in the fourth quarter valued at about $76,000. Geode Capital Management LLC boosted its position in Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after purchasing an additional 19,238 shares during the last quarter. 4WEALTH Advisors Inc. bought a new stake in shares of Fluent during the 4th quarter valued at about $576,000. Finally, Tieton Capital Management LLC increased its position 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 valued at $2,676,000 after purchasing an additional 216,877 shares during the last quarter. 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.