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

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

Fluent Trading Up 5.4 %

Shares of Fluent stock traded up $0.18 on Friday, reaching $3.50. The stock had a trading volume of 48,496 shares, compared to its average volume of 46,230. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.27. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18. The business had revenue of $72.76 million for the quarter, compared to the consensus estimate of $73.98 million. Fluent had a negative return on equity of 13.98% and a negative net margin of 22.22%. On average, research analysts predict that Fluent will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLNT. Simplicity Wealth LLC purchased a new position in Fluent in the 1st quarter worth $90,000. JB Capital Partners LP increased its holdings in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Fluent in the fourth quarter worth about $71,000. Finally, Salvus Wealth Management LLC lifted its holdings in shares of Fluent by 90.6% during the fourth quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock worth $71,000 after purchasing an additional 50,510 shares during the period. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.