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

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a research report released on Friday. The firm issued a hold rating on the stock.

Separately, Canaccord Genuity Group decreased their price objective on shares of Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th.

Fluent Stock Up 12.8 %

FLNT stock opened at $3.18 on Friday. Fluent has a one year low of $2.31 and a one year 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. The company has a fifty day moving average of $3.04 and a 200-day moving average of $3.25. The stock has a market capitalization of $53.65 million, a PE ratio of -1.66 and a beta of 2.28.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The business had revenue of $58.72 million during the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 59.27%. As a group, analysts expect that Fluent will post -1 EPS for the current year.

Institutional Investors Weigh In On Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC lifted its position in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,597 shares of the company’s stock after buying an additional 23,592 shares during the quarter. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 at the end of the most recent 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.