Rocket Fuel Director John E. Gardner Sells 144,301 Shares (FUEL)
Rocket Fuel (NASDAQ:FUEL) Director John E. Gardner sold 144,301 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $24.85, for a total value of $3,585,879.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rocket Fuel (NASDAQ:FUEL) traded up 1.70% during mid-day trading on Thursday, hitting $25.15. 357,665 shares of the company’s stock traded hands. Rocket Fuel has a 1-year low of $19.31 and a 1-year high of $71.89. The stock’s 50-day moving average is $29.53 and its 200-day moving average is $46.82. The company’s market cap is $883.8 million.
Rocket Fuel (NASDAQ:FUEL) last released its earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.30) by $0.12. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $76.21 million. The company’s quarterly revenue was up 94.8% on a year-over-year basis. Analysts expect that Rocket Fuel will post $-0.25 EPS for the current fiscal year.
A number of research firms have recently commented on FUEL. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rocket Fuel in a research note on Friday, May 9th. They now have a $40.00 price target on the stock, down previously from $63.00. Separately, analysts at Needham & Company LLC reiterated a “strong-buy” rating on shares of Rocket Fuel in a research note on Friday, May 9th. They now have a $75.00 price target on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Rocket Fuel in a research note on Friday, May 9th. They now have a $60.00 price target on the stock, down previously from $70.00. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.44.
Rocket Fuel, Inc is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform.
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