Fluent (NASDAQ:FLNT) Research Coverage Started at StockNews.com

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

Fluent Stock Up 6.1 %

Fluent stock opened at $2.95 on Thursday. The stock has a market cap of $40.12 million, a PE ratio of -0.61 and a beta of 2.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.59. Fluent has a one year low of $2.31 and a one year high of $4.78. The stock has a fifty day moving average of $2.96 and a 200 day moving average of $3.25.

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

Institutional Trading of Fluent

A number of hedge funds have recently bought and sold shares of the company. Salvus Wealth Management LLC increased its position in 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 acquiring an additional 4,585 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Fluent during the fourth quarter valued at $71,000. JB Capital Partners LP increased 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 worth $3,322,000 after buying an additional 150,150 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in Fluent in the first quarter worth about $90,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.