StockNews.com Initiates Coverage on Fluent (NASDAQ:FLNT)

Equities researchers at StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT - Get Free Report) in a research report issued on Friday. The brokerage set a "hold" rating on the stock.

Separately, Canaccord Genuity Group dropped their price objective on shares of Fluent from $4.50 to $4.00 and set a "hold" rating for the company in a research report on Tuesday, August 20th.

Fluent Stock Down 6.6 %

Shares of FLNT stock traded down $0.20 during trading on Friday, hitting $2.82. 26,332 shares of the company were exchanged, compared to its average volume of 22,807. Fluent has a twelve month low of $2.31 and a twelve month high of $4.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $47.57 million, a price-to-earnings ratio of -0.75 and a beta of 2.28. The business's 50-day simple moving average is $3.03 and its 200 day simple moving average is $3.26.

Fluent (NASDAQ:FLNT - Get Free Report) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. The business had revenue of $58.72 million during the quarter, compared to the consensus estimate of $61.61 million. As a group, analysts forecast that Fluent will post -1 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluent

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC boosted its stake in shares of Fluent, Inc. (NASDAQ:FLNT - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,597 shares of the company's stock after acquiring an additional 23,592 shares during the period. Empowered Funds LLC owned 2.28% of Fluent worth $154,000 at the end of the most recent reporting period. 23.33% of the stock is owned by hedge funds and other 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.