21,000 Shares in Fluent, Inc. (NASDAQ:FLNT) Bought by AE Wealth Management LLC

AE Wealth Management LLC bought a new stake in Fluent, Inc. (NASDAQ:FLNT – Get Rating) during the third quarter, HoldingsChannel reports. The firm bought 21,000 shares of the company’s stock, valued at approximately $28,000.

Other large investors have also modified their holdings of the company. Panagora Asset Management Inc. bought a new stake in Fluent during the first quarter valued at $28,000. State Street Corp boosted its holdings in shares of Fluent by 1.8% in the 1st quarter. State Street Corp now owns 753,085 shares of the company’s stock valued at $1,566,000 after buying an additional 13,456 shares during the period. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Fluent during the 3rd quarter valued at about $28,000. Transcend Capital Advisors LLC raised its stake in Fluent by 53.7% during the third quarter. Transcend Capital Advisors LLC now owns 77,248 shares of the company’s stock worth $104,000 after acquiring an additional 27,000 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Fluent during the second quarter worth about $34,000. Institutional investors own 26.54% of the company’s stock.

Wall Street Analysts Forecast Growth

FLNT has been the subject of a number of research reports. StockNews.com initiated coverage on Fluent in a research note on Monday. They issued a “hold” rating for the company. Canaccord Genuity Group lowered their price objective on Fluent from $5.00 to $4.00 in a research note on Tuesday, November 8th.

Fluent Trading Down 4.9 %

Fluent stock opened at $1.35 on Friday. The firm has a 50-day moving average price of $1.21 and a two-hundred day moving average price of $1.32. Fluent, Inc. has a 52-week low of $0.96 and a 52-week high of $2.36. The firm has a market capitalization of $107.93 million, a price-to-earnings ratio of -2.14 and a beta of 2.33. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.23.

Fluent (NASDAQ:FLNT – Get Rating) last posted its earnings results on Monday, November 7th. The company reported $0.04 EPS for the quarter. The firm had revenue of $89.05 million for the quarter, compared to analysts’ expectations of $94.92 million. Fluent had a positive return on equity of 1.83% and a negative net margin of 13.82%. Sell-side analysts expect that Fluent, Inc. will post -0.69 earnings per share for the current year.

About Fluent

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Fluent, Inc engages in the provision of digital marketing services. It operates through the Fluent and All Other segments. The Fluent segment includes delivering data and performance-based marketing executions. The All Other segment represents the operation results of AdParlor, LLC, a digital advertising solution for social media buying.