Geode Capital Management LLC lifted its stake in Fluent, Inc. (NASDAQ:FLNT – Free Report) by 26.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,527 shares of the company’s stock after buying an additional 19,238 shares during the period. Geode Capital Management LLC owned about 0.55% of Fluent worth $233,000 at the end of the most recent reporting period.
Separately, Tieton Capital Management LLC grew its position in Fluent by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after acquiring an additional 216,877 shares during the period. Hedge funds and other institutional investors own 23.33% of the company’s stock.
Fluent Stock Up 1.6 %
NASDAQ FLNT opened at $2.48 on Friday. The firm has a market cap of $51.20 million, a PE ratio of -1.38 and a beta of 1.68. Fluent, Inc. has a one year low of $2.01 and a one year high of $4.30. The stock’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $2.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on FLNT shares. Canaccord Genuity Group set a $3.50 target price on shares of Fluent and gave the company a “hold” rating in a research note on Friday, February 28th. StockNews.com assumed coverage on shares of Fluent in a report on Friday. They set a “hold” rating for the company.
Fluent Company Profile
Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.
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