StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT - Free Report) in a research note released on Wednesday. The brokerage issued a hold rating on the stock.
Separately, Canaccord Genuity Group reduced their price target on Fluent from $4.50 to $4.00 and set a "hold" rating on the stock in a report on Tuesday, August 20th.
Check Out Our Latest Analysis on FLNT
Fluent Price Performance
Fluent stock traded down $0.11 during mid-day trading on Wednesday, reaching $3.06. The company had a trading volume of 5,029 shares, compared to its average volume of 23,296. The business has a fifty day simple moving average of $2.98 and a 200 day simple moving average of $3.23. The company has a market cap of $51.63 million, a P/E ratio of -1.02 and a beta of 2.25. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03.
Fluent (NASDAQ:FLNT - Get Free Report) last released 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 for 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%. On average, equities research analysts predict that Fluent will post -1 earnings per share for the current year.
Institutional Trading of Fluent
An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC raised its stake in Fluent, Inc. (NASDAQ:FLNT - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 23.33% of the stock is owned by institutional investors and hedge funds.
About Fluent
(
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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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