Financial Engines (NASDAQ:FNGN) EVP Christopher Jones unloaded 5,000 shares of Financial Engines stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $57.69, for a total value of $288,450.00. Following the sale, the executive vice president now directly owns 61,562 shares in the company, valued at approximately $3,551,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Financial Engines from $53.00 to $60.00 in a research note to investors on Monday. Analysts at Needham & Company raised their price target on shares of Financial Engines from $45.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Financial Engines (NASDAQ:FNGN) traded down 4.51% on Wednesday, hitting $56.70. The stock had a trading volume of 246,768 shares. Financial Engines has a 52 week low of $22.43 and a 52 week high of $59.44. The stock has a 50-day moving average of $53.38 and a 200-day moving average of $43.53. The company has a market cap of $2.817 billion and a P/E ratio of 129.09.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, August 1st. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.16. The company had revenue of $57.80 million for the quarter, compared to the consensus estimate of $50.83 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. On average, analysts predict that Financial Engines will post $0.71 earnings per share for the current fiscal year.
Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.
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