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

Equities researchers at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Fluent Stock Up 2.3 %

FLNT opened at $2.71 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 1-year low of $2.31 and a 1-year high of $4.30. The company has a market capitalization of $45.74 million, a PE ratio of -1.51 and a beta of 2.25. The firm’s 50 day simple moving average is $2.79 and its two-hundred day simple moving average is $2.89.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.09. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. As a group, equities analysts forecast that Fluent will post -1.82 EPS for the current year.

Institutional Trading of Fluent

Several institutional investors and hedge funds have recently modified their holdings of FLNT. 4WEALTH Advisors Inc. bought a new stake in shares of Fluent during the 4th quarter valued at $576,000. Tieton Capital Management LLC raised its position in shares of Fluent by 25.7% during 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 during the period. CacheTech Inc. bought a new stake in shares of Fluent during the 4th quarter valued at $76,000. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent during the 4th quarter valued at $66,000. Finally, Geode Capital Management LLC raised its position 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 purchasing an additional 19,238 shares during the period. 23.33% of the stock is currently owned by institutional investors.

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.