Rocket Fuel Inc. (NASDAQ:FUEL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “Rocket Fuel Inc. is a leading provider of artificial intelligence advertising solutions for digital marketers. They deliver a leading programmatic media-buying platform at Big Data scale that harnesses the power of artificial intelligence to improve marketing ROI in digital media across web, mobile, video, and social channels. Rocket Fuel powers digital advertising and marketing programs globally for customers in North America, Europe, and Japan. Customers trust Rocket Fuel’s Advertising That Learns platform to achieve brand and direct-response objectives in diverse industries from luxury cars to groceries to retail. “

Several other research firms have also recently commented on FUEL. Credit Suisse Group cut Rocket Fuel from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $4.50 to $4.75 in a research note on Wednesday, May 10th. ValuEngine cut Rocket Fuel from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Rocket Fuel has an average rating of “Hold” and a consensus target price of $3.49.

Rocket Fuel (NASDAQ FUEL) traded up 4.24% on Monday, hitting $2.95. The stock had a trading volume of 470,810 shares. The stock has a 50-day moving average of $3.36 and a 200-day moving average of $3.15. The company’s market cap is $137.00 million. Rocket Fuel has a one year low of $1.70 and a one year high of $5.90.

Rocket Fuel (NASDAQ:FUEL) last released its earnings results on Tuesday, May 9th. The technology company reported ($0.32) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.10. The company had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $102.15 million. Rocket Fuel had a negative return on equity of 44.37% and a negative net margin of 15.09%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm earned ($0.28) EPS. Equities analysts expect that Rocket Fuel will post ($0.76) earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in FUEL. Jane Street Group LLC bought a new stake in shares of Rocket Fuel during the first quarter worth approximately $105,000. Segantii Capital Management Ltd bought a new stake in shares of Rocket Fuel during the first quarter worth approximately $223,000. GMT Capital Corp bought a new stake in shares of Rocket Fuel during the first quarter worth approximately $239,000. California Public Employees Retirement System bought a new stake in shares of Rocket Fuel during the first quarter worth approximately $266,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Rocket Fuel during the first quarter worth approximately $277,000. 31.77% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Rocket Fuel (NASDAQ:FUEL)

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