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

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

Separately, Canaccord Genuity Group cut their target price on Fluent from $4.50 to $4.00 and set a hold rating for the company in a research report on Tuesday, August 20th.

Fluent Stock Performance

NASDAQ FLNT opened at $2.76 on Tuesday. Fluent has a 12-month low of $2.31 and a 12-month high of $4.78. The firm has a 50-day moving average price of $3.17 and a two-hundred day moving average price of $3.23. The company has a market capitalization of $37.70 million, a P/E ratio of -0.93 and a beta of 2.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

Institutional Trading of Fluent

Institutional investors and hedge funds have recently made changes to their positions in the company. Simplicity Wealth LLC bought a new position in Fluent in the first quarter valued at about $90,000. JB Capital Partners LP grew its holdings in shares of Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Fluent during the 4th quarter valued at approximately $71,000. Empowered Funds LLC lifted its stake in Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after purchasing an additional 23,592 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its stake in Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 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.