Fluent (NASDAQ:FLNT) PT Lowered to $4.00 at Canaccord Genuity Group

Fluent (NASDAQ:FLNT) had its price objective reduced by Canaccord Genuity Group from $4.50 to $4.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a hold rating on the stock.

Separately, StockNews.com started coverage on Fluent in a report on Sunday, August 18th. They issued a hold rating for the company.

Fluent Price Performance

Fluent stock opened at $2.76 on Tuesday. Fluent has a 1-year low of $2.31 and a 1-year high of $4.78. The business has a fifty day moving average price of $3.29 and a 200-day moving average price of $3.25. The stock has a market capitalization of $37.70 million, a price-to-earnings ratio of -0.93 and a beta of 2.31.

Institutional Investors Weigh In On Fluent

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salvus Wealth Management LLC increased its position in shares of Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after acquiring an additional 4,585 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Fluent in the fourth quarter valued at about $71,000. Simplicity Wealth LLC purchased a new position in shares of Fluent in the first quarter worth about $90,000. Empowered Funds LLC raised its stake in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares during the last quarter. Finally, JB Capital Partners LP lifted its holdings 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 worth $3,322,000 after purchasing an additional 150,150 shares during the period. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.