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

Research analysts at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Fluent Trading Up 1.0 %

Shares of Fluent stock opened at $2.92 on Wednesday. Fluent has a 12-month low of $2.31 and a 12-month high of $4.30. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock has a market cap of $49.29 million, a PE ratio of -1.62 and a beta of 2.25. The company has a 50-day moving average of $2.79 and a two-hundred day moving average of $2.89.

Institutional Trading of Fluent

Several large investors have recently modified their holdings of the business. Intelligence Driven Advisers LLC acquired a new stake in Fluent during the fourth quarter worth approximately $66,000. CacheTech Inc. acquired a new stake in Fluent during the fourth quarter worth approximately $76,000. Geode Capital Management LLC boosted its position in Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after acquiring an additional 19,238 shares during the last quarter. 4WEALTH Advisors Inc. acquired a new stake in Fluent during the fourth quarter worth approximately $576,000. Finally, Tieton Capital Management LLC boosted its position in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after acquiring an additional 216,877 shares during the last quarter. 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.