Equities researchers at StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT – Get Free Report) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.
Separately, Canaccord Genuity Group dropped their target price on shares of Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th.
View Our Latest Analysis on FLNT
Fluent Stock Performance
Fluent (NASDAQ:FLNT – Get Free Report) last announced its earnings results on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. The firm had revenue of $58.72 million for the quarter, compared to the consensus estimate of $61.61 million. Research analysts forecast that Fluent will post -1 EPS for the current fiscal year.
Institutional Investors Weigh In On Fluent
An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC increased its stake in Fluent, Inc. (NASDAQ:FLNT – Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the quarter. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 as of its most recent filing with the Securities and Exchange Commission. 23.33% of the stock is currently 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.
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