StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT – Free Report) in a report published on Friday. The firm issued a hold rating on the stock.
Separately, Canaccord Genuity Group reduced 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 Price Performance
Fluent (NASDAQ:FLNT – Get Free Report) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (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 for the quarter, compared to analysts’ expectations of $61.61 million. On average, sell-side analysts anticipate that Fluent will post -1 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. JB Capital Partners LP boosted its holdings in 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 in the last quarter. Salvus Wealth Management LLC raised its holdings in Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Empowered Funds LLC lifted 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 buying an additional 23,592 shares during the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.
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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