Canaccord lowered the firm’s price target on Fluent (FLNT) to $3 from $3.50 and keeps a Hold rating on the shares. The firm said Fluent reported soft Q1 results, with both revenue and profitability coming in below expectations which reflects continued pressure on O&O business, partially offset by Commerce Media Solutions momentum.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLNT: