Rocket Fuel Inc. (NASDAQ:FUEL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other brokerages also recently issued reports on FUEL. Credit Suisse Group downgraded Rocket Fuel from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $4.50 to $4.75 in a research note on Wednesday, May 10th. Zacks Investment Research downgraded Rocket Fuel from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.49.

Rocket Fuel (NASDAQ FUEL) traded up 1.11% during midday trading on Thursday, hitting $2.73. The stock had a trading volume of 224,318 shares. The stock’s market capitalization is $126.79 million. The company’s 50 day moving average price is $2.95 and its 200-day moving average price is $3.18. Rocket Fuel has a 52 week low of $1.70 and a 52 week high of $5.90.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in Rocket Fuel during the first quarter worth $105,000. Segantii Capital Management Ltd purchased a new position in Rocket Fuel during the first quarter worth $223,000. GMT Capital Corp purchased a new position in Rocket Fuel during the first quarter worth $239,000. California Public Employees Retirement System purchased a new position in Rocket Fuel during the first quarter worth $266,000. Finally, Engineers Gate Manager LP purchased a new position in Rocket Fuel during the first quarter worth $277,000. 31.77% of the stock is currently 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.

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

Analyst Recommendations for Rocket Fuel (NASDAQ:FUEL)

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