Rocket Fuel Inc. (FUEL) Sees Unusually-High Trading Volume
Rocket Fuel Inc. (NASDAQ:FUEL) saw unusually-strong trading volume on Tuesday . Approximately 858,112 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 374,068 shares.The stock last traded at $2.39 and had previously closed at $2.34.
Several equities research analysts recently commented on FUEL shares. Zacks Investment Research lowered shares of Rocket Fuel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Piper Jaffray Cos. reiterated a “hold” rating and issued a $4.00 price objective on shares of Rocket Fuel in a research report on Tuesday, May 10th. Wells Fargo & Co. reiterated a “hold” rating on shares of Rocket Fuel in a research report on Wednesday, May 11th. Needham & Company LLC reiterated a “hold” rating on shares of Rocket Fuel in a research report on Monday, June 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $4.00 target price on shares of Rocket Fuel in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Rocket Fuel presently has an average rating of “Hold” and an average price target of $4.21.
The company’s market capitalization is $105.29 million. The company’s 50-day moving average price is $2.29 and its 200-day moving average price is $2.77.
Rocket Fuel (NASDAQ:FUEL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.08. The business had revenue of $117 million for the quarter, compared to analyst estimates of $111.48 million. During the same period last year, the business posted ($0.17) earnings per share. Rocket Fuel’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts forecast that Rocket Fuel Inc. will post ($0.62) earnings per share for the current 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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