Rocket Fuel Inc. (FUEL) Trading 16.3% Higher
Rocket Fuel Inc. (NASDAQ:FUEL)’s share price traded up 16.3% on Wednesday . The stock traded as high as $2.82 and last traded at $2.78, with a volume of 1,439,793 shares trading hands. The stock had previously closed at $2.39.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Rocket Fuel from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Wednesday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 price target on shares of Rocket Fuel in a research report on Monday, July 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rocket Fuel in a research report 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 report on Wednesday, August 3rd. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Rocket Fuel in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given 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 firm’s market capitalization is $122.03 million. The firm has a 50 day moving average of $2.29 and a 200 day moving average of $2.77.
Rocket Fuel (NASDAQ:FUEL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.08. The business had revenue of $117 million for the quarter, compared to the consensus estimate of $111.48 million. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) earnings per share. Analysts predict 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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