StockNews.com Begins Coverage on Fluent (NASDAQ:FLNT)

Analysts at StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Fluent Stock Performance

FLNT opened at $2.93 on Tuesday. Fluent has a 12-month low of $2.31 and a 12-month high of $4.30. The company has a market cap of $49.46 million, a price-to-earnings ratio of -1.63 and a beta of 2.25. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $2.77 and its 200 day moving average is $2.90.

Institutional Investors Weigh In On Fluent

A number of hedge funds have recently modified their holdings of FLNT. Tieton Capital Management LLC lifted its position in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after purchasing an additional 216,877 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new position in shares of Fluent during the 4th quarter valued at about $66,000. Finally, Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 19,238 shares during the period. Institutional investors 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.