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

StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT) in a report released on Saturday. The firm issued a hold rating on the stock.

Fluent Trading Up 6.9 %

Shares of FLNT opened at $3.11 on Friday. The stock has a market capitalization of $42.49 million, a P/E ratio of -1.03 and a beta of 2.31. The firm’s fifty day simple moving average is $3.38 and its two-hundred day simple moving average is $3.28. Fluent has a 12 month low of $2.31 and a 12 month high of $4.78.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.29). The firm had revenue of $65.98 million for the quarter, compared to the consensus estimate of $65.66 million. Fluent had a negative net margin of 14.15% and a negative return on equity of 21.95%. As a group, research analysts predict that Fluent will post -0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluent

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in shares of Fluent by 8.2% during the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after purchasing an additional 23,592 shares in the last quarter. Simplicity Wealth LLC bought a new position in Fluent in the 1st quarter valued at about $90,000. Salvus Wealth Management LLC lifted its position in Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after acquiring an additional 4,585 shares in the last quarter. JB Capital Partners LP lifted its position in Fluent by 3.1% in the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Fluent in the 4th quarter valued at about $71,000. 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.