Rocket Fuel Inc. (FUEL) Stock Price Down 3%
Shares of Rocket Fuel Inc. (NASDAQ:FUEL) dropped 3% during mid-day trading on Tuesday . The stock traded as low as $3.14 and last traded at $3.22, with a volume of 855,978 shares changing hands. The stock had previously closed at $3.32.
Several equities 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 price target on the stock in a research note on Thursday, July 21st. Needham & Company LLC reissued a “hold” rating on shares of Rocket Fuel in a research note on Monday, June 27th. Wells Fargo & Co. reissued a “hold” rating on shares of Rocket Fuel in a research note on Wednesday, May 11th. Piper Jaffray Cos. reissued a “hold” rating and issued a $4.00 price target on shares of Rocket Fuel in a research note on Tuesday, May 10th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $4.00 price target on shares of Rocket Fuel in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.21.
The company has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.77. The stock’s market cap is $144.02 million.
Rocket Fuel (NASDAQ:FUEL) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.08. During the same period in the prior year, the firm posted ($0.17) earnings per share. The company had revenue of $117 million for the quarter, compared to the consensus estimate of $111.48 million. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts predict that Rocket Fuel Inc. will post ($0.60) 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.