Rocket Fuel Inc. (FUEL) Sees Large Volume Increase
Rocket Fuel Inc. (NASDAQ:FUEL) saw an uptick in trading volume on Monday . 869,087 shares traded hands during mid-day 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.
Several research firms have commented on FUEL. 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 report on Wednesday, July 13th. BMO Capital Markets reissued a “hold” rating and set a $4.00 target price on shares of Rocket Fuel in a research note on Monday, July 18th. Needham & Company LLC reissued a “hold” rating on shares of Rocket Fuel in a research note on Thursday, August 4th. Credit Suisse Group AG reissued an “outperform” rating and set a $7.00 target price on shares of Rocket Fuel in a research note on Wednesday, August 3rd. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Rocket Fuel in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.21.
The company’s market capitalization is $139.58 million. The firm has a 50-day moving average of $2.42 and a 200-day moving average of $2.77.
Rocket Fuel (NASDAQ:FUEL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.08. The company had revenue of $117 million for the quarter, compared to analyst estimates of $111.48 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. Rocket Fuel’s revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Rocket Fuel Inc. will post ($0.60) 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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