Fluent (NASDAQ:FLNT) Coverage Initiated by Analysts at StockNews.com

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

Separately, Canaccord Genuity Group cut their price objective 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 Down 6.6 %

Shares of FLNT stock opened at $2.82 on Friday. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The business’s fifty day moving average is $3.04 and its 200-day moving average is $3.25. The stock has a market cap of $47.57 million, a PE ratio of -1.57 and a beta of 2.28.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The business had revenue of $58.72 million during the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative return on equity of 59.27% and a negative net margin of 10.59%. Equities analysts expect that Fluent will post -1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC raised its holdings in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,597 shares of the company’s stock after acquiring an additional 23,592 shares during the quarter. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.