Fluent (NASDAQ:FLNT) Now Covered by StockNews.com

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

Separately, Canaccord Genuity Group cut their price objective on Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th.

Fluent Stock Down 3.2 %

Fluent stock opened at $3.01 on Monday. The firm has a market capitalization of $41.12 million, a price-to-earnings ratio of -1.01 and a beta of 2.25. The company’s 50 day simple moving average is $2.96 and its 200 day simple moving average is $3.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The firm had revenue of $58.72 million during the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. As a group, sell-side analysts anticipate that Fluent will post -1 EPS for the current year.

Hedge Funds Weigh In On Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC lifted its position in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,597 shares of the company’s stock after buying an additional 23,592 shares during the period. Empowered Funds LLC owned about 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is owned by institutional investors.

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.