StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT - Free Report) in a research report report published on Thursday morning. The brokerage issued a hold rating on the stock.
Separately, Canaccord Genuity Group lowered their target price on Fluent from $4.50 to $4.00 and set a "hold" rating for the company in a report on Tuesday, August 20th.
Check Out Our Latest Research Report on FLNT
Fluent Trading Down 3.0 %
Shares of FLNT traded down $0.09 during trading hours on Thursday, hitting $2.94. The stock had a trading volume of 10,636 shares, compared to its average volume of 23,055. 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 cap of $49.60 million, a P/E ratio of -0.78 and a beta of 2.28. The company's fifty day simple moving average is $3.01 and its 200 day simple moving average is $3.24. Fluent has a 12-month low of $2.31 and a 12-month high of $4.78.
Fluent (NASDAQ:FLNT - Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.50) earnings per share 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 the consensus estimate of $61.61 million. Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. Equities research analysts forecast that Fluent will post -1 EPS for the current fiscal year.
Hedge Funds Weigh In On Fluent
An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC lifted its holdings in shares of Fluent, Inc. (NASDAQ:FLNT - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 2.28% of Fluent worth $154,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.33% of the company's stock.
Fluent Company Profile
(
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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.
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