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 issued on Tuesday. The brokerage set a “hold” rating on the stock.

Separately, Canaccord Genuity Group cut their price target on Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th.

Fluent Stock Up 0.4 %

FLNT stock opened at $2.84 on Tuesday. 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 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $3.21 and its 200 day moving average is $3.24. The firm has a market cap of $47.91 million, a PE ratio of -0.96 and a beta of 2.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new position in shares of Fluent during the fourth quarter valued at approximately $71,000. JB Capital Partners LP boosted its stake in 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 purchasing an additional 150,150 shares during the last quarter. 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 worth $55,000 after buying an additional 4,585 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Fluent in the first quarter valued at about $90,000. Finally, Empowered Funds LLC boosted its position in Fluent by 8.2% during the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after acquiring an additional 23,592 shares during the last quarter. 23.33% of the stock is owned by hedge funds and other 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.