Fluent (NASDAQ:FLNT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a research note released on Thursday morning. The brokerage issued a hold rating on the stock.

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

Fluent Stock Up 3.4 %

Shares of NASDAQ FLNT opened at $3.04 on Thursday. The stock has a market cap of $51.29 million, a PE ratio of -0.80 and a beta of 2.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Fluent has a 12-month low of $2.31 and a 12-month high of $4.78. The company has a 50-day moving average of $3.02 and a 200 day moving average of $3.25.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 20.26% and a negative return on equity of 56.62%. As a group, sell-side analysts predict that Fluent will post -1 EPS for the current fiscal year.

Institutional Trading of Fluent

An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC boosted its holdings in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,597 shares of the company’s stock after acquiring an additional 23,592 shares during the quarter. Empowered Funds LLC owned about 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.