Fluent (NASDAQ:FLNT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

Separately, Canaccord Genuity Group decreased their price objective 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.

Fluent Stock Performance

NASDAQ:FLNT opened at $3.02 on Friday. The stock has a market capitalization of $50.95 million, a P/E ratio of -0.80 and a beta of 2.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78. The firm has a 50 day moving average of $3.03 and a 200-day moving average of $3.26.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. The business had revenue of $58.72 million during the quarter, compared to analyst estimates of $61.61 million. As a group, sell-side analysts anticipate that Fluent will post -1 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fluent stock. Empowered Funds LLC boosted its position in Fluent, Inc. (NASDAQ:FLNT) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,597 shares of the company’s stock after acquiring an additional 23,592 shares during the period. Empowered Funds LLC owned 2.28% of Fluent worth $154,000 at the end of the most recent quarter. 23.33% of the stock is owned by hedge funds and other 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.