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

Investment analysts at StockNews.com began coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Fluent Trading Up 3.1 %

FLNT stock opened at $2.69 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.59. The company’s 50-day simple moving average is $2.96 and its 200 day simple moving average is $3.25. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78. The company has a market capitalization of $36.58 million, a PE ratio of -0.55 and a beta of 2.50.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.18. Fluent had a negative net margin of 22.22% and a negative return on equity of 13.98%. The business had revenue of $72.76 million for the quarter, compared to the consensus estimate of $73.98 million. As a group, sell-side analysts anticipate that Fluent will post -0.66 earnings per share for the current year.

Institutional Investors Weigh In On Fluent

Several institutional investors and hedge funds have recently bought and sold shares of FLNT. Salvus Wealth Management LLC lifted its position in Fluent by 90.6% during the fourth quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock worth $71,000 after purchasing an additional 50,510 shares during the period. Victory Capital Management Inc. bought a new stake in Fluent during the fourth quarter worth about $71,000. JB Capital Partners LP lifted its position in 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 purchasing an additional 150,150 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in Fluent during the first quarter worth about $90,000. 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.