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

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

Separately, Canaccord Genuity Group cut their price objective on Fluent from $4.50 to $4.00 and set a hold rating for the company in a research note on Tuesday, August 20th.

Fluent Stock Performance

NASDAQ FLNT opened at $3.66 on Friday. The firm has a market capitalization of $50.00 million, a P/E ratio of -1.23 and a beta of 2.24. The stock has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $3.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The company had revenue of $58.72 million during the quarter, compared to analysts’ expectations of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. On average, equities analysts forecast that Fluent will post -1 earnings per share for the current year.

Institutional Trading of Fluent

A number of hedge funds have recently bought and sold shares of FLNT. Empowered Funds LLC raised its position in shares of Fluent by 8.2% during the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after buying an additional 23,592 shares during the period. Salvus Wealth Management LLC increased its stake in Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after acquiring an additional 4,585 shares during the last quarter. Finally, JB Capital Partners LP raised its position in Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares during the period. 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.