Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 55,800 shares, an increase of 90.4% from the February 28th total of 29,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 3.9 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group set a $3.50 target price on shares of Fluent and gave the company a “hold” rating in a report on Friday, February 28th. StockNews.com started coverage on Fluent in a research note on Sunday, March 23rd. They issued a “hold” rating for the company.

Institutional Trading of Fluent

A number of hedge funds have recently made changes to their positions in FLNT. 4WEALTH Advisors Inc. bought a new position in Fluent during the 4th quarter valued at $576,000. Tieton Capital Management LLC raised its stake in shares of Fluent by 25.7% in the 4th 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. CacheTech Inc. bought a new position in shares of Fluent during the fourth quarter worth about $76,000. Intelligence Driven Advisers LLC acquired a new position in Fluent in the fourth quarter worth about $66,000. Finally, Geode Capital Management LLC increased its holdings in Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after buying an additional 19,238 shares during the last quarter. Institutional investors and hedge funds own 23.33% of the company’s stock.

Fluent Stock Down 2.2 %

Fluent stock traded down $0.05 during midday trading on Friday, hitting $2.21. 6,864 shares of the stock were exchanged, compared to its average volume of 21,019. Fluent has a 1 year low of $2.01 and a 1 year high of $4.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $37.30 million, a P/E ratio of -1.23 and a beta of 2.30. The company has a 50 day moving average price of $2.64 and a two-hundred day moving average price of $2.81.

Fluent (NASDAQ:FLNT) last announced 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. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The business had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. On average, sell-side analysts predict that Fluent will post -1.82 earnings per share for the current fiscal year.

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.