StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT – Free Report) in a research report released on Sunday morning. The brokerage issued a hold rating on the stock.
Fluent Price Performance
Shares of FLNT opened at $2.71 on Friday. The firm has a market capitalization of $37.02 million, a PE ratio of -0.91 and a beta of 2.31. The company’s 50-day moving average is $3.32 and its 200-day moving average is $3.26. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78.
Hedge Funds Weigh In On Fluent
Several institutional investors and hedge funds have recently made changes to their positions in the company. Salvus Wealth Management LLC increased its position in Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after acquiring an additional 4,585 shares during the period. Empowered Funds LLC grew its position in shares of Fluent by 8.2% during the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Fluent during the fourth quarter worth approximately $71,000. JB Capital Partners LP raised its position 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. Finally, Simplicity Wealth LLC bought a new stake in shares of Fluent in the first quarter valued at approximately $90,000. 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.
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