Fluent (NASDAQ:FLNT) Coverage Initiated at StockNews.com

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

Separately, Canaccord Genuity Group cut 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 Performance

Shares of FLNT opened at $2.96 on Tuesday. Fluent has a 12-month low of $2.31 and a 12-month high of $4.78. The stock has a market capitalization of $40.44 million, a P/E ratio of -1.00 and a beta of 2.25. The firm’s 50 day moving average is $2.96 and its 200-day moving average is $3.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97.

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

Hedge Funds Weigh In On Fluent

An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC grew its holdings in Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the period. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 as of its most recent SEC filing. 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.