Fluent (NASDAQ:FLNT) Now Covered by StockNews.com

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

Separately, Canaccord Genuity Group dropped their price target on Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th.

Fluent Price Performance

NASDAQ FLNT opened at $3.04 on Thursday. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78. The company has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $3.26. 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 (NASDAQ:FLNT) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). The firm had revenue of $58.72 million for the quarter, compared to the consensus estimate of $61.61 million. Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. On average, equities analysts expect that Fluent will post -1 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC boosted its position in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is currently owned by hedge funds and other 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.