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:FLNTGet 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:FLNTGet 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

(Get Rating)

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.

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Institutional Ownership by Quarter for Fluent (NASDAQ:FLNT)

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