Rocket Fuel Inc. (NASDAQ:FUEL) saw strong trading volume on Monday . 869,087 shares traded hands during trading, an increase of 43% from the previous session’s volume of 606,523 shares.The stock last traded at $3.33 and had previously closed at $3.16.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Rocket Fuel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rocket Fuel in a research note on Thursday, August 4th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Rocket Fuel in a research note on Wednesday, May 11th. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $4.00 price target on shares of Rocket Fuel in a research note on Tuesday, May 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 price target on shares of Rocket Fuel in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.21.

The company’s market cap is $147.58 million. The company has a 50-day moving average of $2.38 and a 200-day moving average of $2.77.

Rocket Fuel (NASDAQ:FUEL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.08. The company earned $117 million during the quarter, compared to analyst estimates of $111.48 million. During the same period in the prior year, the business posted ($0.17) EPS. Rocket Fuel’s revenue was down 2.6% compared to the same quarter last year. On average, analysts forecast that Rocket Fuel Inc. will post ($0.60) 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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