Fluent (NASDAQ:FLNT) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a research note released on Friday. The firm issued a hold rating on the stock.

Fluent Stock Performance

Shares of FLNT opened at $3.49 on Friday. The company has a market capitalization of $47.67 million, a PE ratio of -0.72 and a beta of 2.37. Fluent has a one year low of $2.31 and a one year high of $4.78. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.59. The company’s fifty day moving average price is $3.01 and its 200 day moving average price is $3.28.

Fluent (NASDAQ:FLNT) last announced its earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.18. The firm had revenue of $72.76 million for the quarter, compared to the consensus estimate 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, analysts expect that Fluent will post -0.13 earnings per share for the current year.

Institutional Trading of Fluent

Several institutional investors have recently made changes to their positions in FLNT. Salvus Wealth Management LLC boosted its position in Fluent by 90.6% in the fourth quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after buying an additional 50,510 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Fluent in the fourth quarter valued at about $71,000. JB Capital Partners LP boosted its position in Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after buying an additional 150,150 shares in the last quarter. Simplicity Wealth LLC acquired a new position in Fluent in the first quarter valued at about $90,000. Finally, Empowered Funds LLC boosted its position in Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after buying an additional 23,592 shares in the last quarter. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.