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

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

Fluent Trading Up 5.4 %

Shares of FLNT opened at $3.49 on Thursday. The firm’s fifty day simple moving average is $3.52 and its two-hundred day simple moving average is $3.36. Fluent has a 12 month low of $2.31 and a 12 month high of $4.78. The stock has a market capitalization of $47.67 million, a P/E ratio of -1.18 and a beta of 2.31.

Fluent (NASDAQ:FLNT) last announced its earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.29). The business had revenue of $65.98 million for the quarter, compared to the consensus estimate of $65.66 million. Fluent had a negative net margin of 14.15% and a negative return on equity of 21.95%. As a group, research analysts predict that Fluent will post -0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new stake in Fluent in the fourth quarter valued at $71,000. JB Capital Partners LP lifted its stake in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after buying an additional 150,150 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after buying an additional 4,585 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of Fluent during the first quarter worth about $90,000. Finally, Empowered Funds LLC raised its holdings in shares of Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after acquiring an additional 23,592 shares during the last quarter. 23.33% of the stock is owned by institutional investors.

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.