Rocket Fuel Inc. (FUEL) Stock Price Down 1.7%
Shares of Rocket Fuel Inc. (NASDAQ:FUEL) dropped 1.7% during trading on Tuesday . The company traded as low as $2.33 and last traded at $2.36, with a volume of 220,789 shares trading hands. The stock had previously closed at $2.40.
FUEL has been the subject of a number of recent research reports. Citigroup Inc. initiated coverage on shares of Rocket Fuel in a research note on Monday, April 11th. They set a “sell” rating and a $2.50 price target for the company. Zacks Investment Research lowered shares of Rocket Fuel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Piper Jaffray Cos. restated a “hold” rating and set a $4.00 price target on shares of Rocket Fuel in a research note on Tuesday, May 10th. Wells Fargo & Co. restated a “hold” rating on shares of Rocket Fuel in a research note on Wednesday, May 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Rocket Fuel in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $3.92.
The stock has a 50 day moving average of $2.36 and a 200-day moving average of $2.92. The stock’s market capitalization is $102.63 million.
Rocket Fuel (NASDAQ:FUEL) last issued its earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.26. During the same quarter in the prior year, the business posted ($0.60) EPS. The firm earned $62.20 million during the quarter, compared to the consensus estimate of $94.19 million. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts expect that Rocket Fuel Inc. will post ($0.73) earnings per share for the current year.
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.
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