Rocket Fuel Inc. (NASDAQ:FUEL) Given Consensus Recommendation of “Hold” by Analysts
Rocket Fuel Inc. (NASDAQ:FUEL) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.21.
A number of brokerages recently weighed in on FUEL. Zacks Investment Research raised 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 issued a $4.00 target price on shares of Rocket Fuel in a research report on Monday, July 18th. Needham & Company LLC restated a “hold” rating on shares of Rocket Fuel in a research report on Thursday, August 4th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $7.00 target price on shares of Rocket Fuel in a research report on Wednesday, August 3rd.
Several hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Rocket Fuel during the second quarter worth $119,000. JPMorgan Chase & Co. raised its stake in Rocket Fuel by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 79,699 shares of the company’s stock valued at $177,000 after buying an additional 808 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Rocket Fuel during the second quarter valued at approximately $214,000. Alambic Investment Management L.P. raised its stake in Rocket Fuel by 52.6% in the second quarter. Alambic Investment Management L.P. now owns 130,891 shares of the company’s stock valued at $291,000 after buying an additional 45,100 shares in the last quarter. Finally, Bridgeway Capital Management Inc. acquired a new stake in Rocket Fuel during the second quarter valued at approximately $384,000. 29.28% of the stock is owned by institutional investors.
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Shares of Rocket Fuel (NASDAQ:FUEL) traded down 0.37% on Wednesday, hitting $2.69. 209,008 shares of the stock were exchanged. The company’s market cap is $119.58 million. The firm’s 50-day moving average is $2.86 and its 200-day moving average is $2.74. Rocket Fuel has a one year low of $2.09 and a one year high of $5.65.
Rocket Fuel (NASDAQ:FUEL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.08. Rocket Fuel had a negative net margin of 40.69% and a negative return on equity of 38.96%. The business earned $117 million during the quarter, compared to the consensus estimate of $111.48 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities analysts forecast that Rocket Fuel will post ($0.60) EPS for the current fiscal year.
Rocket Fuel Company Profile
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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