Rocket Fuel Inc. (FUEL) Shares Up 3.2%
Rocket Fuel Inc. (NASDAQ:FUEL) shares shot up 3.2% during mid-day trading on Monday . The company traded as high as $2.31 and last traded at $2.26, with a volume of 293,765 shares trading hands. The stock had previously closed at $2.19.
A number of brokerages have recently issued reports on FUEL. Zacks Investment Research raised Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Wednesday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 price objective on shares of Rocket Fuel in a research note on Monday, July 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rocket Fuel in a research note on Monday, June 27th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Rocket Fuel in a research note on Wednesday, May 11th. Finally, Piper Jaffray Cos. reaffirmed a “hold” rating and set a $4.00 price objective on shares of Rocket Fuel in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Rocket Fuel presently has a consensus rating of “Hold” and a consensus target price of $3.71.
The firm’s market cap is $100.00 million. The stock has a 50 day moving average of $2.30 and a 200-day moving average of $2.86.
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, beating the consensus estimate of ($0.54) by $0.26. The company earned $62.20 million during the quarter, compared to analyst estimates of $94.19 million. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.60) EPS. Equities analysts predict that Rocket Fuel Inc. will post ($0.74) EPS for the current fiscal year.
Rocket Fuel Inc is a technology company, which offers a Programmatic Marketing Platform that is designed for helping marketers and their agencies to connect with consumers through digital media. The Company’s service offerings are organized around platforms, including Data Management Platform (DMP) and Demand Side Platform (DSP), which are used by customers themselves or integrating with other customer relationship management or marketing platforms, and together in various permutations as its Programmatic Marketing Platform.
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