Fluent (NASDAQ:FLNT) Receives New Coverage from Analysts at StockNews.com

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

Fluent Stock Up 6.1 %

FLNT stock opened at $2.95 on Thursday. Fluent has a twelve month low of $2.31 and a twelve month high of $4.78. The company has a market cap of $40.12 million, a PE ratio of -0.61 and a beta of 2.50. The business’s 50-day simple moving average is $2.96 and its 200 day simple moving average is $3.26. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.74.

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

Institutional Investors Weigh In On Fluent

Institutional investors have recently added to or reduced their stakes in the stock. Salvus Wealth Management LLC boosted its holdings in Fluent by 90.6% during the fourth quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after purchasing an additional 50,510 shares in the last quarter. JB Capital Partners LP raised its stake in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Fluent in the fourth quarter valued at approximately $71,000. Finally, Simplicity Wealth LLC bought a new position in shares of Fluent in the first quarter valued at approximately $90,000. 23.33% of the stock is owned by institutional investors and hedge funds.

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.