Fluent, Inc. (NASDAQ:FLNT) Short Interest Down 14.5% in February

Fluent, Inc. (NASDAQ:FLNT) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 85,638 shares, a decrease of 14.5% from the February 12th total of 100,206 shares. Based on an average daily volume of 14,631 shares, the short-interest ratio is presently 5.9 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 14,631 shares, the short-interest ratio is presently 5.9 days.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price objective on shares of Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.50.

Fluent Stock Down 7.4%

Shares of NASDAQ:FLNT opened at $3.11 on Monday. Fluent has a fifty-two week low of $1.50 and a fifty-two week high of $4.00. The firm’s 50 day moving average price is $3.32 and its 200 day moving average price is $2.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The stock has a market cap of $92.18 million, a price-to-earnings ratio of -2.85 and a beta of 0.94.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Monday, March 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The business had revenue of $61.82 million during the quarter, compared to analyst estimates of $62.85 million. Fluent had a negative net margin of 13.01% and a negative return on equity of 115.19%. As a group, equities research analysts predict that Fluent will post -1.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluent

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new stake in Fluent during the fourth quarter worth approximately $84,000. Susquehanna International Group LLP boosted its holdings in shares of Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after buying an additional 15,777 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Fluent by 44.7% in the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after buying an additional 44,684 shares during the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of Fluent in the 3rd quarter valued at $634,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

About Fluent

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.