Insider Selling: Rocket Fuel Director Sells 49,314 Shares of Stock (FUEL)
Rocket Fuel (NASDAQ:FUEL) Director John E. Gardner sold 49,314 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $24.40, for a total transaction of $1,203,261.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Rocket Fuel (NASDAQ:FUEL) traded up 0.50% on Tuesday, hitting $24.32. The stock had a trading volume of 395,564 shares. Rocket Fuel has a 52 week low of $19.31 and a 52 week high of $71.89. The stock has a 50-day moving average of $28.72 and a 200-day moving average of $46.40. The company’s market cap is $854.7 million.
Rocket Fuel (NASDAQ:FUEL) last posted its quarterly earnings results 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.
FUEL has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average 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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