AE Wealth Management LLC Buys New Position in Fluent, Inc. (NASDAQ:FLNT)

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 %

Shares of NASDAQ:FLNT opened at $1.35 on Friday. The stock has a 50-day simple moving average of $1.21 and a 200-day simple moving average of $1.32. The stock has a market capitalization of $107.93 million, a P/E ratio of -2.14 and a beta of 2.33. Fluent, Inc. has a 1 year low of $0.96 and a 1 year high of $2.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.01 and a current ratio of 2.01.

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

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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.