StockNews.com Initiates Coverage on Fluent (NASDAQ:FLNT)

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a report published on Sunday. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group set a $3.50 price objective on Fluent and gave the stock a “hold” rating in a research report on Friday, February 28th.

Fluent Stock Performance

Shares of FLNT stock opened at $2.04 on Friday. The firm has a market capitalization of $34.43 million, a P/E ratio of -1.13 and a beta of 2.30. Fluent has a twelve month low of $2.01 and a twelve month high of $4.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $2.70 and its 200 day simple moving average is $2.83.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The business had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. As a group, sell-side analysts predict that Fluent will post -1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

Institutional investors have recently made changes to their positions in the stock. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent in the 4th quarter valued at about $66,000. CacheTech Inc. bought a new stake in shares of Fluent in the 4th quarter valued at about $76,000. Geode Capital Management LLC grew its position in shares of Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after buying an additional 19,238 shares during the last quarter. 4WEALTH Advisors Inc. bought a new stake in shares of Fluent in the 4th quarter valued at about $576,000. Finally, Tieton Capital Management LLC grew its position 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 buying an additional 216,877 shares during the last quarter. 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.