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

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT - Free Report) in a research note released on Thursday morning. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group set a $3.50 price objective on shares of Fluent and gave the stock a "hold" rating in a research report on Friday, February 28th.

Fluent Trading Down 5.4 %

Shares of Fluent stock traded down $0.14 during mid-day trading on Thursday, hitting $2.46. The stock had a trading volume of 12,682 shares, compared to its average volume of 18,953. The firm has a 50-day moving average of $2.35 and a two-hundred day moving average of $2.68. Fluent has a 12-month low of $2.01 and a 12-month high of $4.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a market cap of $50.78 million, a P/E ratio of -1.37 and a beta of 2.13.

Fluent (NASDAQ:FLNT - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.09. The business had revenue of $65.41 million during the quarter, compared to analysts' expectations of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. Sell-side analysts forecast that Fluent will post -1.82 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

A number of hedge funds have recently made changes to their positions in FLNT. Intelligence Driven Advisers LLC acquired a new position in shares of Fluent in the fourth quarter worth $66,000. CacheTech Inc. purchased a new position in Fluent in the fourth quarter valued at $76,000. Geode Capital Management LLC grew its stake in Fluent by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company's stock worth $233,000 after purchasing an additional 19,238 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new position in Fluent during the 4th quarter worth $576,000. Finally, Tieton Capital Management LLC grew its stake in Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company's stock worth $2,676,000 after purchasing an additional 216,877 shares in the last quarter. Hedge funds and other 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.