Short Interest in Fluent, Inc. (NASDAQ:FLNT) Drops By 32.4%

by · The Cerbat Gem

Fluent, Inc. (NASDAQ:FLNT – Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 37,700 shares, a drop of 32.4% from the March 15th total of 55,800 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 12,300 shares, the short-interest ratio is presently 3.1 days.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Fluent in a research report on Wednesday. They set a “hold” rating for the company. Canaccord Genuity Group set a $3.50 price objective on Fluent and gave the company a “hold” rating in a report on Friday, February 28th.

View Our Latest Stock Analysis on Fluent

Fluent Stock Down 4.3 %

NASDAQ:FLNT opened at $2.20 on Friday. 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 one year low of $2.01 and a one year high of $4.30. The firm’s 50 day simple moving average is $2.41 and its 200 day simple moving average is $2.71. The company has a market cap of $45.42 million, a PE ratio of -1.22 and a beta of 2.13.

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

Hedge Funds Weigh In On Fluent

A number of hedge funds have recently made changes to their positions in the stock. Tieton Capital Management LLC grew its stake in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after purchasing an additional 216,877 shares during the period. 4WEALTH Advisors Inc. acquired a new stake in shares of Fluent in the 4th quarter worth about $576,000. Geode Capital Management LLC boosted its stake in Fluent by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after purchasing an additional 19,238 shares during the last quarter. CacheTech Inc. bought a new stake in Fluent during the 4th quarter worth approximately $76,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of Fluent in the fourth quarter worth approximately $66,000. 23.33% of the stock is currently owned by institutional investors.

About Fluent

(Get Free Report)

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.

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