Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

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

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

Fluent Trading Up 5.2 %

Shares of Fluent stock opened at $2.23 on Friday. The business has a 50 day moving average price of $2.67 and a 200 day moving average price of $2.82. The company has a market capitalization of $37.64 million, a P/E ratio of -1.24 and a beta of 2.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. Fluent has a 1 year low of $2.01 and a 1 year high of $4.30.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results 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 company had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. Sell-side analysts anticipate that Fluent will post -1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

Several hedge funds have recently made changes to their positions in FLNT. 4WEALTH Advisors Inc. purchased a new position in Fluent during the fourth quarter worth about $576,000. CacheTech Inc. purchased a new position in shares of Fluent during the 4th quarter worth about $76,000. Geode Capital Management LLC boosted its position in shares of Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after acquiring an additional 19,238 shares during the last quarter. Tieton Capital Management LLC grew its holdings in Fluent by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after purchasing an additional 216,877 shares during the period. Finally, Intelligence Driven Advisers LLC acquired a new position in Fluent during the fourth quarter worth approximately $66,000. 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.