Fluent, Inc. (NASDAQ:FLNT) Short Interest Down 14.5% in February

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 85,638 shares, a decrease of 14.5% from the February 12th total of 100,206 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 14,631 shares, the short-interest ratio is currently 5.9 days. Based on an average daily trading volume, of 14,631 shares, the short-interest ratio is currently 5.9 days. Currently, 0.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price objective on shares of Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.50.

Fluent Stock Down 7.4%

Shares of FLNT opened at $3.11 on Monday. Fluent has a 52 week low of $1.50 and a 52 week high of $4.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $92.18 million, a price-to-earnings ratio of -2.85 and a beta of 0.94. The stock’s 50-day moving average price is $3.32 and its 200-day moving average price is $2.54.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Monday, March 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Fluent had a negative net margin of 13.01% and a negative return on equity of 115.19%. The company had revenue of $61.82 million for the quarter, compared to analysts’ expectations of $62.85 million. On average, sell-side analysts predict that Fluent will post -1.82 EPS for the current year.

Institutional Investors Weigh In On Fluent

A number of large investors have recently made changes to their positions in the stock. Mink Brook Asset Management LLC acquired a new stake in shares of Fluent during the 3rd quarter worth approximately $634,000. Geode Capital Management LLC increased its position in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after acquiring an additional 44,684 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Fluent in the 4th quarter worth approximately $84,000. Finally, Susquehanna International Group LLP boosted its position in shares of Fluent by 65.3% during the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after purchasing an additional 15,777 shares during the period. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

About Fluent

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.