Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT – Get Rating) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Separately, Canaccord Genuity Group decreased their target price on shares of Fluent from $5.00 to $4.00 in a research report on Tuesday, November 8th.

Fluent Stock Down 3.1 %

Shares of NASDAQ:FLNT opened at $1.25 on Tuesday. The firm has a fifty day moving average price of $1.30 and a two-hundred day moving average price of $1.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.01 and a quick ratio of 2.01. Fluent has a one year low of $1.05 and a one year high of $2.45. The company has a market cap of $99.94 million, a price-to-earnings ratio of -1.98 and a beta of 2.34.

Fluent (NASDAQ:FLNT – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $89.05 million for the quarter, compared to analysts’ expectations of $94.92 million. Fluent had a negative net margin of 13.82% and a positive return on equity of 1.83%. Analysts anticipate that Fluent will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

A number of large investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. bought a new stake in shares of Fluent during the 1st quarter valued at about $28,000. AE Wealth Management LLC bought a new stake in shares of Fluent during the 3rd quarter valued at about $28,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Fluent during the 3rd quarter valued at about $28,000. Prudential Financial Inc. bought a new stake in shares of Fluent during the 2nd quarter valued at about $34,000. Finally, Aries Wealth Management bought a new stake in shares of Fluent during the 2nd quarter valued at about $48,000. Institutional investors own 27.08% of the company’s stock.

Fluent Company Profile

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Fluent, Inc provides data-driven digital marketing services primarily in the United States. 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.