Rocket Fuel Inc. (FUEL) Stock Price Up 16.3%
Rocket Fuel Inc. (NASDAQ:FUEL)’s share price rose 16.3% on Wednesday . The company traded as high as $2.82 and last traded at $2.78, with a volume of 1,439,793 shares. The stock had previously closed at $2.39.
FUEL has been the topic of a number of research analyst reports. Piper Jaffray Cos. reissued 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 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 Thursday, July 21st. Wells Fargo & Co. reissued a “hold” rating on shares of Rocket Fuel in a report on Wednesday, May 11th. Needham & Company LLC reissued a “hold” rating on shares of Rocket Fuel in a report on Monday, June 27th. Finally, Credit Suisse Group AG reissued 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 issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Rocket Fuel has a consensus rating of “Hold” and a consensus target price of $4.21.
The company’s market cap is $136.57 million. The firm’s 50 day moving average is $2.33 and its 200 day moving average is $2.77.
Rocket Fuel (NASDAQ:FUEL) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.08. The business earned $117 million during the quarter, compared to the consensus estimate of $111.48 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. Rocket Fuel’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities analysts predict that Rocket Fuel Inc. will post ($0.60) EPS 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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