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

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

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

Fluent Stock Performance

NASDAQ:FLNT opened at $2.23 on Friday. The firm’s fifty day simple moving average is $2.67 and its 200 day simple moving average is $2.82. 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 twelve month low of $2.01 and a twelve month high of $4.30. The firm has a market capitalization of $37.64 million, a price-to-earnings ratio of -1.24 and a beta of 2.30.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.09. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The company had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. As a group, equities research analysts expect that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after acquiring an additional 19,238 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new position in Fluent in the fourth quarter valued at about $66,000. CacheTech Inc. acquired a new stake in Fluent during the 4th quarter valued at approximately $76,000. Tieton Capital Management LLC increased its holdings in Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after purchasing an additional 216,877 shares during the last quarter. Finally, 4WEALTH Advisors Inc. acquired a new position in shares of Fluent in the 4th quarter valued at approximately $576,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.