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

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

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

Fluent Stock Performance

Shares of FLNT stock opened at $2.21 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. Fluent has a 52 week low of $2.01 and a 52 week high of $4.30. The company’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.81. The company has a market capitalization of $37.30 million, a P/E ratio of -1.23 and a beta of 2.30.

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

Hedge Funds Weigh In On Fluent

Large investors have recently bought and sold shares of the company. Intelligence Driven Advisers LLC acquired a new stake in shares of Fluent in the fourth quarter valued at approximately $66,000. CacheTech Inc. bought a new position in Fluent in the fourth quarter valued at $76,000. Geode Capital Management LLC increased its stake in 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 Fluent during the 4th quarter worth about $576,000. Finally, Tieton Capital Management LLC boosted its stake in shares of Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after buying an additional 216,877 shares during the last quarter. Institutional investors and hedge funds own 23.33% of the company’s stock.

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.