Shares of Rocket Fuel Inc. (NASDAQ:FUEL) were down 2.5% during trading on Monday . The stock traded as low as $2.73 and last traded at $2.74, with a volume of 110,483 shares trading hands. The stock had previously closed at $2.81.

Several analysts recently commented on FUEL shares. Needham & Company LLC reiterated a “hold” rating on shares of Rocket Fuel in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Thursday, July 21st. Credit Suisse Group AG restated an “outperform” rating and set a $7.00 target price on shares of Rocket Fuel in a research report on Wednesday, August 3rd. Finally, BMO Capital Markets restated a “hold” rating and set a $4.00 target price on shares of Rocket Fuel in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Rocket Fuel presently has an average rating of “Hold” and a consensus price target of $4.21.

The firm’s 50-day moving average price is $2.86 and its 200-day moving average price is $2.74. The stock’s market capitalization is $120.02 million.

Rocket Fuel (NASDAQ:FUEL) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.08. The firm earned $117 million during the quarter, compared to analyst estimates of $111.48 million. Rocket Fuel had a negative net margin of 40.69% and a negative return on equity of 38.96%. Rocket Fuel’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. On average, equities research analysts forecast that Rocket Fuel Inc. will post ($0.60) EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of Rocket Fuel during the second quarter worth about $119,000. JPMorgan Chase & Co. raised its position in shares of Rocket Fuel by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 79,699 shares of the company’s stock worth $177,000 after buying an additional 808 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Rocket Fuel during the second quarter worth about $214,000. Alambic Investment Management L.P. raised its position in shares of Rocket Fuel by 52.6% in the second quarter. Alambic Investment Management L.P. now owns 130,891 shares of the company’s stock worth $291,000 after buying an additional 45,100 shares in the last quarter. Finally, Bridgeway Capital Management Inc. bought a new position in shares of Rocket Fuel during the second quarter worth about $384,000. Hedge funds and other institutional investors own 29.28% of the company’s stock.

Rocket Fuel Company Profile

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.

5 Day Chart for NASDAQ:FUEL

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