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

Equities researchers at StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Separately, Canaccord Genuity Group dropped their target price 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 Performance

Shares of FLNT stock opened at $2.96 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $2.98 and a two-hundred day simple moving average of $3.23. Fluent has a 12 month low of $2.31 and a 12 month high of $4.78. The firm has a market capitalization of $49.94 million, a PE ratio of -0.78 and a beta of 2.25.

Fluent (NASDAQ:FLNT) last posted its earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. The business had revenue of $58.72 million for the quarter, compared to the consensus estimate of $61.61 million. Analysts forecast that Fluent will post -1 EPS for the current fiscal year.

Institutional Trading of Fluent

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