StockNews.com initiated coverage on shares of Fluent (NASDAQ:FLNT – Free Report) in a research report report published on Tuesday. The firm issued a hold rating on the stock.
Separately, Canaccord Genuity Group decreased their target price on Fluent from $4.50 to $4.00 and set a hold rating for the company in a research note on Tuesday, August 20th.
Get Our Latest Stock Analysis on Fluent
Fluent Trading Down 5.0 %
Institutional Investors Weigh In On Fluent
A number of institutional investors and hedge funds have recently modified their holdings of the stock. JB Capital Partners LP lifted its holdings in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Fluent by 8.2% during the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after acquiring an additional 23,592 shares during the period. Simplicity Wealth LLC purchased a new stake in shares of Fluent in the 1st quarter valued at approximately $90,000. Salvus Wealth Management LLC boosted its stake in Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Fluent during the 4th quarter valued at $71,000. Institutional investors and hedge funds own 23.33% of the company’s stock.
About Fluent
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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