Rocket Fuel Inc. (NASDAQ:FUEL) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Rocket Fuel from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group cut Rocket Fuel from an “outperform” rating to a “neutral” rating and increased their price target for the company from $4.50 to $4.75 in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Rocket Fuel presently has an average rating of “Hold” and an average target price of $3.32.

Rocket Fuel (NASDAQ FUEL) opened at 2.59 on Thursday. The company has a 50 day moving average price of $2.71 and a 200-day moving average price of $3.32. The company’s market capitalization is $120.28 million. Rocket Fuel has a 52 week low of $1.70 and a 52 week high of $5.90.

Rocket Fuel (NASDAQ:FUEL) last issued its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.10. Rocket Fuel had a negative return on equity of 44.37% and a negative net margin of 15.09%. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $102.15 million. During the same period in the prior year, the firm posted ($0.28) earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Rocket Fuel will post ($0.92) earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its stake in Rocket Fuel by 33.8% in the first quarter. Acadian Asset Management LLC now owns 820,962 shares of the technology company’s stock valued at $4,402,000 after buying an additional 207,545 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in Rocket Fuel by 210.3% in the first quarter. Moloney Securities Asset Management LLC now owns 288,600 shares of the technology company’s stock valued at $1,547,000 after buying an additional 195,600 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Rocket Fuel during the first quarter valued at about $277,000. TFS Capital LLC acquired a new stake in Rocket Fuel during the first quarter valued at about $786,000. Finally, Marcus Capital LLC raised its stake in Rocket Fuel by 81.8% in the first quarter. Marcus Capital LLC now owns 107,121 shares of the technology company’s stock valued at $574,000 after buying an additional 48,200 shares in the last quarter. Hedge funds and other institutional investors own 33.13% of the company’s stock.

About Rocket Fuel

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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