Rocket Fuel Inc. (NASDAQ:FUEL) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.48.

A number of equities analysts have weighed in on FUEL shares. Zacks Investment Research raised Rocket Fuel from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Credit Suisse Group downgraded Rocket Fuel from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $4.50 to $4.75 in a research report on Wednesday, May 10th. Finally, ValuEngine raised Rocket Fuel from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th.

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Several large investors have recently added to or reduced their stakes in FUEL. Spark Investment Management LLC increased its stake in Rocket Fuel by 351.8% in the second quarter. Spark Investment Management LLC now owns 1,007,600 shares of the technology company’s stock valued at $2,770,000 after buying an additional 784,600 shares during the last quarter. Renaissance Technologies LLC increased its stake in Rocket Fuel by 12.6% in the first quarter. Renaissance Technologies LLC now owns 3,353,300 shares of the technology company’s stock valued at $17,974,000 after buying an additional 375,300 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its stake in Rocket Fuel by 32.3% in the second quarter. Prescott Group Capital Management L.L.C. now owns 991,851 shares of the technology company’s stock valued at $2,728,000 after buying an additional 242,000 shares during the last quarter. Acadian Asset Management LLC increased 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 during the last quarter. Finally, Moloney Securities Asset Management LLC increased 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 during the last quarter. 33.13% of the stock is owned by institutional investors.

Shares of Rocket Fuel (NASDAQ FUEL) remained flat at $2.59 during trading on Friday. 158,381 shares of the company were exchanged. The firm’s market capitalization is $120.79 million. Rocket Fuel has a one year low of $1.70 and a one year high of $5.90. The firm has a 50 day moving average of $2.70 and a 200 day moving average of $3.32.

Rocket Fuel (NASDAQ:FUEL) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.10. Rocket Fuel had a negative return on equity of 49.09% and a negative net margin of 16.39%. The firm had revenue of $95.20 million during the quarter, compared to the consensus estimate of $102.15 million. During the same quarter in the prior year, the firm posted ($0.28) EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts anticipate that Rocket Fuel will post ($0.92) earnings per share for the current fiscal year.

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.

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