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

StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Fluent Price Performance

Shares of NASDAQ FLNT opened at $2.81 on Wednesday. The firm has a market capitalization of $47.43 million, a P/E ratio of -1.56 and a beta of 2.25. The firm’s 50-day moving average price is $2.80 and its 200-day moving average price is $2.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 1-year low of $2.31 and a 1-year high of $4.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent during the fourth quarter valued at approximately $66,000. CacheTech Inc. bought a new stake in Fluent during the 4th quarter valued at $76,000. Geode Capital Management LLC raised its holdings in Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after buying an additional 19,238 shares during the last quarter. 4WEALTH Advisors Inc. bought a new position in shares of Fluent in the fourth quarter valued at $576,000. Finally, Tieton Capital Management LLC grew its holdings in shares of 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 buying 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.