Rocket Fuel Inc. (FUEL) Trading Down 1.3%
Rocket Fuel Inc. (NASDAQ:FUEL)’s share price traded down 1.3% during trading on Monday . The stock traded as low as $2.30 and last traded at $2.33, with a volume of 374,525 shares. The stock had previously closed at $2.36.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Wednesday, July 13th. Needham & Company LLC restated a “hold” rating on shares of Rocket Fuel in a research report on Thursday, August 4th. BMO Capital Markets restated a “hold” rating and set a $4.00 price target on shares of Rocket Fuel in a research report on Monday, July 18th. Credit Suisse Group AG restated an “outperform” rating and set a $7.00 price target on shares of Rocket Fuel in a research report on Wednesday, August 3rd. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Rocket Fuel in a research report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.21.
The company’s market capitalization is $103.09 million. The stock’s 50-day moving average price is $2.29 and its 200 day moving average price is $2.78.
Rocket Fuel (NASDAQ:FUEL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.08. During the same quarter in the previous year, the business posted ($0.17) EPS. The company earned $117 million during the quarter, compared to analyst estimates of $111.48 million. The company’s revenue was down 2.6% on a year-over-year basis. Equities research analysts forecast that Rocket Fuel Inc. will post ($0.62) earnings per share 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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