Fluent (NASDAQ:FLNT) Now Covered by StockNews.com

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

Fluent Stock Performance

NASDAQ:FLNT opened at $2.71 on Friday. Fluent has a 52 week low of $2.31 and a 52 week high of $4.78. The firm has a 50-day moving average price of $3.32 and a two-hundred day moving average price of $3.26. The firm has a market cap of $37.02 million, a price-to-earnings ratio of -0.91 and a beta of 2.31.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new position in shares of Fluent during the 4th quarter valued at approximately $71,000. Salvus Wealth Management LLC lifted its position in shares of Fluent by 4.3% during the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after buying an additional 4,585 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Fluent during the first quarter valued at about $90,000. Empowered Funds LLC lifted its stake in shares of Fluent by 8.2% during the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after buying an additional 23,592 shares in the last quarter. Finally, JB Capital Partners LP lifted its position in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after acquiring an additional 150,150 shares in the last quarter. Institutional investors own 23.33% of the company’s stock.

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.