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

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

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

Fluent Stock Down 3.3 %

Fluent stock opened at $2.96 on Wednesday. The firm has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $3.23. 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 52-week low of $2.31 and a 52-week high of $4.78. The firm has a market cap of $49.94 million, a price-to-earnings ratio of -0.78 and a beta of 2.25.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC grew its stake in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the period. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 as of its most recent filing with the Securities and Exchange Commission. 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.