Rhumbline Advisers Acquires 13,250 Shares of Fluent Inc (NASDAQ:FLNT)

Rhumbline Advisers lifted its holdings in Fluent Inc (NASDAQ:FLNT) by 43.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,408 shares of the company’s stock after acquiring an additional 13,250 shares during the period. Rhumbline Advisers owned approximately 0.06% of Fluent worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of FLNT. Weber Alan W bought a new stake in shares of Fluent in the 3rd quarter worth approximately $4,726,000. BlackRock Inc. raised its holdings in shares of Fluent by 1.0% in the 3rd quarter. BlackRock Inc. now owns 1,676,214 shares of the company’s stock worth $3,603,000 after purchasing an additional 16,508 shares during the period. Vanguard Group Inc raised its holdings in shares of Fluent by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 1,384,474 shares of the company’s stock worth $2,976,000 after purchasing an additional 22,553 shares during the period. Vanguard Group Inc. raised its holdings in shares of Fluent by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,384,474 shares of the company’s stock worth $2,976,000 after purchasing an additional 22,553 shares during the period. Finally, Northern Trust Corp bought a new stake in Fluent during the 2nd quarter valued at $859,000. 25.83% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Barrington Research boosted their target price on shares of Fluent from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. ValuEngine raised shares of Fluent from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of Fluent from a “hold” rating to a “sell” rating in a report on Monday, March 18th. Finally, Roth Capital cut shares of Fluent from a “buy” rating to a “neutral” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $5.88.

Shares of FLNT traded up $0.01 during mid-day trading on Friday, reaching $6.38. 571,913 shares of the stock traded hands, compared to its average volume of 392,710. The firm has a market capitalization of $483.13 million, a P/E ratio of 63.80, a price-to-earnings-growth ratio of 0.82 and a beta of 0.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 2.05. Fluent Inc has a 1 year low of $1.95 and a 1 year high of $6.62.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $70.80 million for the quarter, compared to analysts’ expectations of $65.93 million. Fluent had a negative net margin of 7.16% and a positive return on equity of 6.23%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts expect that Fluent Inc will post 0.2 earnings per share for the current year.

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About Fluent

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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Institutional Ownership by Quarter for Fluent (NASDAQ:FLNT)

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