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

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Thursday. The firm set a “hold” rating on the stock.

Fluent Price Performance

Shares of Fluent stock opened at $2.69 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. The company has a market cap of $36.58 million, a PE ratio of -0.55 and a beta of 2.50. The business has a 50 day moving average of $2.96 and a 200 day moving average of $3.25. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18. The business had revenue of $72.76 million during the quarter, compared to the consensus estimate of $73.98 million. Fluent had a negative return on equity of 13.98% and a negative net margin of 22.22%. As a group, equities research 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 added to or reduced their stakes in the company. Simplicity Wealth LLC bought a new position in shares of Fluent during the first quarter valued at $90,000. Salvus Wealth Management LLC increased its holdings in shares of Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after acquiring an additional 4,585 shares in the last quarter. JB Capital Partners LP increased its holdings in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Fluent during the fourth quarter valued at $71,000. 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.