Fluent (NASDAQ:FLNT) Now Covered by Analysts at StockNews.com

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

Separately, Canaccord Genuity Group set a $3.50 target price on Fluent and gave the stock a “hold” rating in a report on Friday, February 28th.

Fluent Stock Down 2.2 %

Shares of FLNT opened at $2.21 on Monday. The company has a 50-day simple moving average of $2.64 and a 200-day simple moving average of $2.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $37.30 million, a P/E ratio of -1.23 and a beta of 2.30. Fluent has a 52 week low of $2.01 and a 52 week high of $4.30.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Friday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. The company had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. On average, equities research analysts expect that Fluent will post -1.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. 4WEALTH Advisors Inc. acquired a new position in Fluent in the fourth quarter valued at approximately $576,000. CacheTech Inc. bought a new stake in shares of Fluent during the 4th quarter valued at $76,000. Geode Capital Management LLC lifted its stake in shares of Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after purchasing an additional 19,238 shares during the period. Tieton Capital Management LLC boosted its position in shares of Fluent by 25.7% in the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after purchasing an additional 216,877 shares during the last quarter. Finally, Intelligence Driven Advisers LLC acquired a new stake in shares of Fluent during the fourth quarter worth $66,000. Institutional investors own 23.33% of the company’s stock.

About Fluent

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.