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

AE Wealth Management LLC bought a new stake in Fluent, Inc. (NASDAQ:FLNT – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new position in shares of Fluent in the first quarter worth $28,000. Charles Schwab Investment Management Inc. lifted its holdings in Fluent by 40.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 124,578 shares of the company’s stock valued at $260,000 after purchasing an additional 35,826 shares in the last quarter. State Street Corp boosted its stake in shares of Fluent by 1.8% during the 1st quarter. State Street Corp now owns 753,085 shares of the company’s stock worth $1,566,000 after purchasing an additional 13,456 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Fluent by 204.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 56,077 shares of the company’s stock worth $117,000 after purchasing an additional 37,660 shares during the last quarter. Finally, Aries Wealth Management purchased a new stake in shares of Fluent during the second quarter worth about $48,000. Hedge funds and other institutional investors own 26.54% of the company’s stock.

Fluent Trading Down 4.9 %

Shares of FLNT opened at $1.35 on Friday. Fluent, Inc. has a twelve month low of $0.96 and a twelve month high of $2.36. The firm has a market capitalization of $107.93 million, a P/E ratio of -2.14 and a beta of 2.33. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $1.32.

Fluent (NASDAQ:FLNT – Get Rating) last released its quarterly earnings data on Monday, November 7th. The company reported $0.04 EPS for the quarter. Fluent had a positive return on equity of 1.83% and a negative net margin of 13.82%. The company had revenue of $89.05 million for the quarter, compared to the consensus estimate of $94.92 million. On average, equities research analysts forecast that Fluent, Inc. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FLNT. Canaccord Genuity Group reduced their price objective on shares of Fluent from $5.00 to $4.00 in a research note on Tuesday, November 8th. StockNews.com initiated coverage on Fluent in a research report on Monday. They issued a “hold” rating for the company.

Fluent Company Profile

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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.