AE Wealth Management LLC bought a new stake in Fluent, Inc. (NASDAQ:FLNT – Get Rating) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $28,000.
Several other hedge funds also recently modified their holdings of FLNT. Millennium Management LLC raised its position in shares of Fluent by 288.9% in the second quarter. Millennium Management LLC now owns 1,484,426 shares of the company’s stock valued at $1,766,000 after buying an additional 1,102,743 shares during the last quarter. State Street Corp boosted its holdings in shares of Fluent by 1.8% during the first 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. Renaissance Technologies LLC purchased a new stake in shares of Fluent in the second quarter valued at $263,000. Citadel Advisors LLC grew its position in shares of Fluent by 383.3% in the second quarter. Citadel Advisors LLC now owns 164,533 shares of the company’s stock valued at $196,000 after purchasing an additional 130,492 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Fluent by 40.4% in the first 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 during the last quarter. 26.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on FLNT shares. StockNews.com started coverage on Fluent in a research note on Monday. They issued a “hold” rating on the stock. Canaccord Genuity Group reduced their target price on Fluent from $5.00 to $4.00 in a report on Tuesday, November 8th.
Fluent Stock Down 4.9 %
Fluent (NASDAQ:FLNT – Get Rating) last issued its earnings results on Monday, November 7th. The company reported $0.04 EPS for the quarter. The business had revenue of $89.05 million for the quarter, compared to the consensus estimate of $94.92 million. Fluent had a negative net margin of 13.82% and a positive return on equity of 1.83%. Equities analysts forecast that Fluent, Inc. will post -0.69 earnings per share for the current year.
Fluent Company Profile
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.
- Get a free copy of the StockNews.com research report on Fluent (FLNT)
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