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

Research analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

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

Fluent Stock Up 1.0 %

Shares of NASDAQ FLNT opened at $2.07 on Friday. The stock has a market cap of $34.94 million, a PE ratio of -1.15 and a beta of 2.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 52-week low of $2.05 and a 52-week high of $4.30. The business has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.86.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The company had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. Equities research analysts forecast that Fluent will post -1.82 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

A number of institutional investors have recently made changes to their positions in the stock. Tieton Capital Management LLC raised its holdings in shares of Fluent by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after acquiring an additional 216,877 shares during the last quarter. 4WEALTH Advisors Inc. acquired a new position in shares of Fluent in the fourth quarter worth $576,000. Geode Capital Management LLC increased its stake in Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after purchasing an additional 19,238 shares during the last quarter. CacheTech Inc. acquired a new position in Fluent in the fourth quarter valued at $76,000. Finally, Intelligence Driven Advisers LLC acquired a new position in Fluent in the fourth quarter valued at $66,000. 23.33% of the stock is owned by institutional investors and hedge funds.

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.