Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Fluent Trading Down 6.7 %

NASDAQ FLNT opened at $2.37 on Wednesday. The stock has a market cap of $32.23 million, a P/E ratio of -0.49 and a beta of 2.50. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.86. The stock has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $3.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.59.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18. The company had revenue of $72.76 million during the quarter, compared to analyst estimates of $73.98 million. Fluent had a negative return on equity of 13.98% and a negative net margin of 22.22%. On average, analysts forecast that Fluent will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of Fluent by 288.9% during the 2nd quarter. Millennium Management LLC now owns 1,484,426 shares of the company’s stock worth $1,766,000 after acquiring an additional 1,102,743 shares during the period. Vanguard Group Inc. boosted its position in shares of Fluent by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,738,493 shares of the company’s stock valued at $2,347,000 after purchasing an additional 228,922 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Fluent in the second quarter worth $263,000. JB Capital Partners LP raised its holdings in Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after purchasing an additional 150,150 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Fluent by 383.3% during the second quarter. Citadel Advisors LLC now owns 164,533 shares of the company’s stock valued at $196,000 after buying an additional 130,492 shares during the period. 23.33% of the stock is owned by institutional investors.

About Fluent

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.