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

Equities research analysts at StockNews.com started coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Fluent Stock Down 6.7 %

FLNT opened at $2.37 on Wednesday. The business has a 50 day moving average of $3.05 and a 200-day moving average of $3.26. The stock has a market capitalization of $32.23 million, a price-to-earnings ratio of -0.49 and a beta of 2.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.74. Fluent has a 1-year low of $2.31 and a 1-year high of $4.86.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.18. The company had revenue of $72.76 million for the quarter, compared to analyst estimates of $73.98 million. Fluent had a negative net margin of 22.22% and a negative return on equity of 13.98%. As a group, sell-side analysts anticipate that Fluent will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On Fluent

Large investors have recently added to or reduced their stakes in the company. Salvus Wealth Management LLC lifted its position in Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares during the period. JB Capital Partners LP lifted its holdings in shares of Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after acquiring an additional 150,150 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Fluent during the 4th quarter valued at about $71,000. Geode Capital Management LLC increased its stake in Fluent by 19.1% in the second quarter. Geode Capital Management LLC now owns 534,843 shares of the company’s stock valued at $335,000 after acquiring an additional 85,612 shares during the period. Finally, Sentinus LLC acquired a new position in Fluent in the first quarter worth about $49,000. Institutional investors and hedge funds own 23.33% of the company’s stock.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. 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.