CacheTech Inc. Takes $76,000 Position in Fluent, Inc. (NASDAQ:FLNT)

CacheTech Inc. purchased a new stake in Fluent, Inc. (NASDAQ:FLNT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,210 shares of the company’s stock, valued at approximately $76,000. CacheTech Inc. owned 0.18% of Fluent at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FLNT. Geode Capital Management LLC raised its position in shares of Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock worth $233,000 after buying an additional 19,238 shares during the period. Tieton Capital Management LLC increased its position in Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after purchasing an additional 216,877 shares in the last quarter. Finally, Intelligence Driven Advisers LLC purchased a new position in Fluent in the fourth quarter valued at approximately $66,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Fluent Stock Up 1.8 %

Shares of NASDAQ:FLNT opened at $2.24 on Tuesday. The company has a market capitalization of $46.24 million, a price-to-earnings ratio of -1.24 and a beta of 2.13. The company has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent, Inc. has a 52-week low of $2.01 and a 52-week high of $4.30.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.06 million. Fluent had a negative net margin of 10.59% and a negative return on equity of 64.75%. As a group, analysts forecast that Fluent, Inc. will post -1.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FLNT shares. StockNews.com started coverage on shares of Fluent in a research report on Tuesday, April 8th. They issued a “hold” rating for the company. Canaccord Genuity Group set a $3.50 price objective on Fluent and gave the stock a “hold” rating in a research note on Friday, February 28th.

Fluent 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.