Fluent (NASDAQ:FLNT) Shares Down 2.1% – What’s Next?

Shares of Fluent, Inc. (NASDAQ:FLNT) traded down 2.1% on Monday . The stock traded as low as $1.85 and last traded at $1.90. 14,279 shares traded hands during trading, a decline of 17% from the average session volume of 17,143 shares. The stock had previously closed at $1.94.

Analyst Ratings Changes

FLNT has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their target price on Fluent from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday, May 16th. Wall Street Zen began coverage on Fluent in a report on Sunday, May 18th. They set a “hold” rating on the stock.

Fluent Stock Performance

The stock has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $2.49. The stock has a market cap of $39.22 million, a P/E ratio of -1.06 and a beta of 1.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.07. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The company had revenue of $55.21 million during the quarter, compared to analysts’ expectations of $57.29 million. During the same period in the prior year, the firm earned ($0.30) earnings per share. On average, equities analysts expect that Fluent, Inc. will post -1.82 earnings per share for the current year.

Institutional Trading of Fluent

A number of institutional investors have recently made changes to their positions in FLNT. 4WEALTH Advisors Inc. bought a new position in Fluent in the fourth quarter valued at $576,000. CacheTech Inc. acquired a new position in shares of Fluent during the 4th quarter worth about $76,000. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 19,238 shares during the last quarter. Tieton Capital Management LLC grew its holdings 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 valued at $2,676,000 after acquiring an additional 216,877 shares in the last quarter. Finally, Intelligence Driven Advisers LLC acquired a new stake in shares of Fluent in the fourth quarter valued at about $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.