Rocket Fuel Inc. (FUEL) Shares Down 1.7%
Shares of Rocket Fuel Inc. (NASDAQ:FUEL) traded down 1.7% on Tuesday . The company traded as low as $2.33 and last traded at $2.36, with a volume of 220,789 shares traded. The stock had previously closed at $2.40.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Rocket Fuel in a research report on Monday, June 27th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Rocket Fuel in a research report on Wednesday, May 11th. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $4.00 target price on shares of Rocket Fuel in a research report on Tuesday, May 10th. Finally, Citigroup Inc. assumed coverage on shares of Rocket Fuel in a research report on Monday, April 11th. They issued a “sell” rating and a $2.50 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $3.71.
The stock’s 50-day moving average is $2.35 and its 200-day moving average is $2.91. The company’s market cap is $102.85 million.
Rocket Fuel (NASDAQ:FUEL) last released its earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.26. The business had revenue of $62.20 million for the quarter, compared to the consensus estimate of $94.19 million. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.60) earnings per share. On average, equities analysts forecast that Rocket Fuel Inc. will post ($0.73) earnings per share for the current fiscal 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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