Fluent (NASDAQ:FLNT) Research Coverage Started at StockNews.com

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

Fluent Stock Performance

NASDAQ FLNT opened at $2.42 on Wednesday. The firm has a market capitalization of $32.91 million, a P/E ratio of -0.50 and a beta of 2.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $3.03 and its two-hundred day moving average price is $3.26. Fluent has a 1 year low of $2.31 and a 1 year high of $4.85.

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

Institutional Investors Weigh In On Fluent

Large investors have recently added to or reduced their stakes in the business. Salvus Wealth Management LLC raised its position in shares of Fluent by 90.6% in 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 during the period. Two Sigma Investments LP raised its holdings in Fluent by 34.8% in the 3rd quarter. Two Sigma Investments LP now owns 157,282 shares of the company’s stock valued at $212,000 after acquiring an additional 40,583 shares during the period. Citadel Advisors LLC lifted its position in Fluent by 383.3% during the second quarter. Citadel Advisors LLC now owns 164,533 shares of the company’s stock worth $196,000 after acquiring an additional 130,492 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Fluent by 64.9% during the third quarter. Bank of New York Mellon Corp now owns 96,459 shares of the company’s stock worth $131,000 after acquiring an additional 37,956 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Fluent by 204.5% during the first quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after acquiring an additional 37,660 shares during the period. Institutional investors own 23.33% of the company’s stock.

Fluent Company Profile

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.