StockNews.com Initiates Coverage on Fluent (NASDAQ:FLNT)

Research analysts at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Fluent Price Performance

NASDAQ:FLNT opened at $2.93 on Tuesday. The stock has a market cap of $49.46 million, a PE ratio of -1.63 and a beta of 2.25. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $2.77 and its two-hundred day simple moving average is $2.90. Fluent has a 52 week low of $2.31 and a 52 week high of $4.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intelligence Driven Advisers LLC bought a new stake in shares of Fluent during the fourth quarter valued at approximately $66,000. Geode Capital Management LLC grew its stake in Fluent by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after acquiring an additional 19,238 shares in the last quarter. Finally, Tieton Capital Management LLC increased its holdings in Fluent by 25.7% in the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after acquiring an additional 216,877 shares during the last quarter. 23.33% of the stock is currently owned by institutional investors.

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.