Fluent (NASDAQ:FLNT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research report sent to investors on Monday. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group dropped their target price on Fluent from $4.50 to $4.00 and set a hold rating on the stock in a research report on Tuesday, August 20th.

Fluent Stock Down 5.0 %

Fluent stock opened at $2.88 on Monday. The business’s 50-day simple moving average is $2.96 and its two-hundred day simple moving average is $3.23. The company has a market cap of $39.34 million, a PE ratio of -0.97 and a beta of 2.25. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The company had revenue of $58.72 million for the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. Equities analysts anticipate that Fluent will post -1 EPS for the current year.

Hedge Funds Weigh In On Fluent

A hedge fund recently raised its stake in Fluent stock. Salvus Wealth Management LLC boosted its position in Fluent, Inc. (NASDAQ:FLNT) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,875 shares of the company’s stock after purchasing an additional 4,585 shares during the quarter. Salvus Wealth Management LLC owned about 0.14% of Fluent worth $55,000 at the end of the most recent reporting period. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.