Fluent (NASDAQ:FLNT) Coverage Initiated by Analysts at StockNews.com

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

Fluent Stock Up 0.6 %

Shares of Fluent stock opened at $3.31 on Thursday. The business’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.37. Fluent has a one year low of $2.31 and a one year high of $4.78.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.29). The company had revenue of $65.98 million during the quarter, compared to analysts’ expectations of $65.66 million. Fluent had a negative return on equity of 21.95% and a negative net margin of 14.15%. On average, research analysts predict that Fluent will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new stake in shares of Fluent in the 4th quarter worth approximately $71,000. Salvus Wealth Management LLC boosted its position in shares of Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Fluent during the first quarter valued at approximately $90,000. Empowered Funds LLC boosted its position in shares of Fluent by 8.2% during the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after purchasing an additional 23,592 shares in the last quarter. Finally, JB Capital Partners LP boosted its position in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares in the last quarter. 23.33% of the stock is currently owned by institutional investors.

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.