StockNews.com assumed coverage on shares of Fluent (NASDAQ:FLNT – Free Report) in a report issued on Tuesday. The firm issued a hold rating on the stock.
Separately, Canaccord Genuity Group cut their price target on shares of Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Tuesday, August 20th.
Read Our Latest Analysis on FLNT
Fluent Trading Down 2.7 %
Fluent (NASDAQ:FLNT – Get Free Report) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. The company had revenue of $58.72 million during the quarter, compared to analysts’ expectations of $61.61 million. As a group, equities research analysts expect 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 holdings in shares of Fluent, Inc. (NASDAQ:FLNT – Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the period. Empowered Funds LLC owned approximately 2.28% of Fluent worth $154,000 as of its most recent filing with the SEC. 23.33% of the stock is owned by institutional investors.
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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