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

Equities research analysts at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Fluent Price Performance

Shares of NASDAQ:FLNT opened at $0.65 on Wednesday. The company has a market capitalization of $52.73 million, a PE ratio of -0.56 and a beta of 2.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.65 and a quick ratio of 1.65. The business has a fifty day moving average price of $0.66 and a 200-day moving average price of $0.79. Fluent has a 1-year low of $0.56 and a 1-year high of $1.81.

Institutional Trading of Fluent

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. bought a new stake in Fluent in the first quarter worth $28,000. Prudential Financial Inc. acquired a new position in shares of Fluent during the second quarter valued at about $34,000. Assenagon Asset Management S.A. acquired a new stake in Fluent during the 1st quarter worth about $38,000. BNP Paribas Arbitrage SA raised its stake in shares of Fluent by 204.5% in the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after purchasing an additional 37,660 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Fluent in the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 23.41% of the company’s stock.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. 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.