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

Equities research analysts at StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Wednesday. 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 research report on Friday, February 28th.

Fluent Trading Down 4.0 %

Shares of FLNT opened at $2.15 on Wednesday. The stock’s fifty day simple moving average is $2.46 and its 200-day simple moving average is $2.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $44.38 million, a PE ratio of -1.19 and a beta of 2.13. Fluent has a 12-month low of $2.01 and a 12-month high of $4.30.

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

Hedge Funds Weigh In On Fluent

A number of hedge funds and other institutional investors have recently made changes to their positions in FLNT. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent in the 4th quarter valued at $66,000. CacheTech Inc. bought a new stake in Fluent during the 4th quarter worth approximately $76,000. Geode Capital Management LLC increased its stake in Fluent by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after purchasing an additional 19,238 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new stake in shares of Fluent during the fourth quarter worth $576,000. Finally, Tieton Capital Management LLC lifted its position in Fluent by 25.7% in the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after acquiring an additional 216,877 shares in the last quarter. 23.33% of the stock is owned by institutional investors.

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.