Fluent (NASDAQ:FLNT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a report published on Wednesday morning. The firm issued a hold rating on the stock.

Separately, Canaccord Genuity Group decreased their target price on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th.

Fluent Stock Up 2.7 %

Shares of Fluent stock opened at $3.04 on Wednesday. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $3.23. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. Fluent has a 52-week low of $2.31 and a 52-week high of $4.78. The company has a market cap of $51.29 million, a P/E ratio of -0.80 and a beta of 2.25.

Fluent (NASDAQ:FLNT) last released its earnings results on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The company had revenue of $58.72 million for the quarter, compared to analysts’ expectations of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. On average, sell-side analysts predict that Fluent will post -1 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC boosted its stake in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 311,597 shares of the company’s stock after acquiring an additional 23,592 shares during the period. Empowered Funds LLC owned about 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is owned by hedge funds and other 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.