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

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

Separately, Canaccord Genuity Group dropped their price objective on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a report on Tuesday, August 20th.

Fluent Price Performance

NASDAQ:FLNT traded down $0.20 during mid-day trading on Friday, hitting $2.82. The company’s stock had a trading volume of 26,332 shares, compared to its average volume of 22,807. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $47.57 million, a price-to-earnings ratio of -0.75 and a beta of 2.28. The stock has a fifty day moving average of $3.03 and a 200-day moving average of $3.26.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The firm had revenue of $58.72 million for the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. As a group, equities analysts forecast that Fluent will post -1 EPS for the current fiscal year.

Institutional Trading of Fluent

An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC increased its stake 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 and Exchange Commission (SEC). The fund owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the quarter. Empowered Funds LLC owned about 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 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.