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

by · The Markets Daily

StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT – Free Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

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

Read Our Latest Stock Report on FLNT

Fluent Price Performance

NASDAQ:FLNT opened at $2.66 on Thursday. The stock has a 50 day moving average of $2.37 and a two-hundred day moving average of $2.69. Fluent has a 12 month low of $2.01 and a 12 month high of $4.30. The firm has a market cap of $54.91 million, a P/E ratio of -1.48 and a beta of 2.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FLNT. Geode Capital Management LLC lifted its stake in shares of Fluent by 26.2% in 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. Intelligence Driven Advisers LLC purchased a new position in shares of Fluent during the fourth quarter worth $66,000. CacheTech Inc. acquired a new position in Fluent in the 4th quarter valued at about $76,000. Tieton Capital Management LLC increased its stake in Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after buying an additional 216,877 shares during the period. Finally, 4WEALTH Advisors Inc. acquired a new stake in Fluent in the 4th quarter valued at about $576,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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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