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

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

Separately, Canaccord Genuity Group lowered their target price on Fluent from $4.50 to $4.00 and set a hold rating for the company in a report on Tuesday, August 20th.

Fluent Stock Down 2.1 %

NASDAQ:FLNT opened at $2.76 on Monday. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78. The stock’s fifty day moving average is $3.25 and its two-hundred day moving average is $3.24. The stock has a market capitalization of $37.70 million, a price-to-earnings ratio of -0.93 and a beta of 2.31.

Institutional Trading of Fluent

A number of large investors have recently modified their holdings of FLNT. Salvus Wealth Management LLC boosted its holdings in Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Fluent in the 4th quarter valued at about $71,000. Simplicity Wealth LLC purchased a new position in shares of Fluent in the 1st quarter valued at about $90,000. Empowered Funds LLC grew its position in shares of Fluent by 8.2% during the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after buying an additional 23,592 shares in the last quarter. Finally, JB Capital Partners LP increased its stake in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after buying an additional 150,150 shares during the period. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.