Fluent (NASDAQ:FLNT) Receives New Coverage from Analysts at StockNews.com

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

Fluent Stock Up 6.1 %

Shares of Fluent stock opened at $2.95 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. The firm has a market cap of $40.12 million, a P/E ratio of -0.61 and a beta of 2.50. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78. The business has a 50-day moving average price of $2.96 and a 200 day moving average price of $3.26.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.18. The firm had revenue of $72.76 million during the quarter, compared to analyst estimates of $73.98 million. Fluent had a negative return on equity of 13.98% and a negative net margin of 22.22%. On average, sell-side analysts forecast that Fluent will post -0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluent

Several institutional investors have recently made changes to their positions in the stock. Salvus Wealth Management LLC grew its holdings in shares of Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Fluent during the fourth quarter valued at approximately $71,000. JB Capital Partners LP grew its holdings in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Fluent during the first quarter valued at approximately $90,000. 23.33% of the stock is owned by institutional investors.

About Fluent

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.