Rocket Fuel Inc. (FUEL) Shares Down 2.1%
Shares of Rocket Fuel Inc. (NASDAQ:FUEL) were down 2.1% during mid-day trading on Wednesday . The company traded as low as $2.29 and last traded at $2.29, with a volume of 73,361 shares. The stock had previously closed at $2.34.
A number of equities analysts have weighed in on FUEL shares. Zacks Investment Research upgraded shares of Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research report on Wednesday, July 13th. BMO Capital Markets restated a “hold” rating and set a $4.00 price objective on shares of Rocket Fuel in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of Rocket Fuel in a research report on Monday, June 27th. Wells Fargo & Co. restated a “hold” rating on shares of Rocket Fuel in a research report on Wednesday, May 11th. Finally, Piper Jaffray Cos. restated a “hold” rating and set a $4.00 price objective on shares of Rocket Fuel in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.71.
The company’s 50 day moving average price is $2.33 and its 200 day moving average price is $2.88. The firm’s market capitalization is $99.56 million.
Rocket Fuel (NASDAQ:FUEL) last issued its earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.26. The firm had revenue of $62.20 million for the quarter, compared to analysts’ expectations of $94.19 million. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.60) EPS. On average, equities analysts anticipate that Rocket Fuel Inc. will post ($0.74) 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.
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