Rocket Fuel Inc (FUEL) was Resumed by Citigroup to “Sell”. Citigroup advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on Rocket Fuel Inc. Rocket Fuel Inc was Resumed by Citigroup to “Sell” on Apr 12, 2016.
On the company’s financial health, Rocket Fuel Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.19. The company had revenue of $125.40 million for the quarter, compared to analysts expectations of $120.72 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.18 EPS.
Rocket Fuel Inc closed down -0.03 points or -0.99% at $3.01 with 2,05,243 shares getting traded on Monday. Post opening the session at $3.07, the shares hit an intraday low of $3.0099 and an intraday high of $3.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 24, 2015, Richard A. Frankel (Co-Founder and President) sold 12,000 shares at $8.96 per share price. According to the SEC, on Mar 23, 2015, Joann Covington (VP, General Counsel, CPO) sold 3,000 shares at $10.01 per share price.
Rocket Fuel Inc. is a technology company that has developed an artificial intelligence (AI) and big data-driven predictive modeling and automated decision-making platform. The Company’s technology is designed to address the needs of markets in which the volume and speed of information render real-time human analysis infeasible. It is focused on the digital advertising market that faces these challenges. The Company’s media-buying platform which it refer to as its Demand-Side Platform (DSP) is available to advertising agencies and advertisers as a managed service offering whereby it manages advertising campaigns on behalf of an advertiser and through a self-service offering whereby an agency or advertiser licenses its technology to manage its own advertising campaigns. Its AI system purchases ad spots or impressions one at a time on these exchanges to create portfolios of impressions designed to optimize the goals of its advertisers.