Rocket Fuel Inc. (FUEL) Trading Up 2.1%
Rocket Fuel Inc. (NASDAQ:FUEL)’s share price was up 2.1% on Friday . The company traded as high as $2.98 and last traded at $2.90, with a volume of 123,676 shares. The stock had previously closed at $2.84.
A number of equities analysts have weighed in on FUEL shares. Piper Jaffray Cos. restated a “hold” rating and issued a $4.00 price target on shares of Rocket Fuel in a report on Tuesday, May 10th. Zacks Investment Research upgraded Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Thursday, July 21st. Wells Fargo & Co. restated a “hold” rating on shares of Rocket Fuel in a report on Wednesday, May 11th. Needham & Company LLC restated a “hold” rating on shares of Rocket Fuel in a report on Monday, June 27th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $7.00 price target on shares of Rocket Fuel in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $4.21.
The company’s 50-day moving average is $2.57 and its 200-day moving average is $2.78. The firm’s market capitalization is $128.02 million.
Rocket Fuel (NASDAQ:FUEL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.08. During the same period last year, the business earned ($0.17) earnings per share. The firm had revenue of $117 million for the quarter, compared to analysts’ expectations of $111.48 million. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts anticipate 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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