Rocket Fuel Hits New 1-Year Low at $14.88 (FUEL)
Rocket Fuel (NASDAQ:FUEL) shares reached a new 52-week low on Wednesday , AnalystRatings.NET reports. The stock traded as low as $14.88 and last traded at $14.90, with a volume of 635,446 shares. The stock had previously closed at $15.20.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rocket Fuel in a research note on Wednesday, August 6th. They now have a $40.00 price target on the stock, down previously from $58.00. Separately, analysts at Piper Jaffray cut their price target on shares of Rocket Fuel from $60.00 to $40.00 in a research note on Wednesday, August 6th. Finally, analysts at Oppenheimer cut their price target on shares of Rocket Fuel from $44.00 to $31.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.75.
The stock has a 50-day moving average of $21.89 and a 200-day moving average of $33.85. The company’s market cap is $533.1 million.
Rocket Fuel (NASDAQ:FUEL) last released its earnings data on Tuesday, August 5th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.22) by $0.11. The company had revenue of $92.60 million for the quarter, compared to the consensus estimate of $90.22 million. The company’s quarterly revenue was up 70.2% on a year-over-year basis. On average, analysts predict that Rocket Fuel will post $-0.58 earnings per share for the current fiscal year.
Rocket Fuel, Inc is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.