The Rocket Fuel Inc (FUEL) Given Average Recommendation of “Hold” by Analysts

The Rocket Fuel Inc (FUEL) Given Average Recommendation of “Hold” by Analysts

A number of equities analysts recently issued reports on FUEL shares. Needham & Company LLC reissued a “hold” rating on shares of Rocket Fuel in a report on Wednesday, February 22nd. Zacks Investment Research raised shares of Rocket Fuel from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Friday, February 24th. Finally, Credit Suisse Group AG cut shares of Rocket Fuel from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $4.50 to $4.75 in a research report on Wednesday, May 10th.

Shares of Rocket Fuel Inc (NASDAQ:FUEL) have earned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.65.

Shares of Rocket Fuel (NASDAQ:FUEL) opened at 3.10 on Monday. The company has a 50 day moving average of $4.01 and a 200-day moving average of $3.06. The company’s market cap is $143.97 million. 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 results on Tuesday, May 9th. The technology company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.10. Rocket Fuel had a negative net margin of 13.33% and a negative return on equity of 36.55%. The firm had revenue of $95.20 million during the quarter, compared to analyst estimates of $102.15 million. During the same period in the previous year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts forecast that Rocket Fuel will post ($0.76) EPS for the current fiscal year. Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position 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 worth $17,974,000 after buying an additional 375,300 shares during the period. Acadian Asset Management LLC raised its stake in shares of Rocket Fuel by 33.8% in the first quarter. Acadian Asset Management LLC now owns 820,962 shares of the technology company’s stock worth $4,402,000 after buying an additional 207,545 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of 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 worth $1,547,000 after buying an additional 195,600 shares in the last quarter. TFS Capital LLC bought a new stake in shares of Rocket Fuel during the first quarter worth about $786,000. Finally, Vanguard Group Inc. raised its stake in shares of Rocket Fuel by 13.5% in the first quarter. Vanguard Group Inc. now owns 1,156,320 shares of the technology company’s stock worth $6,198,000 after buying an additional 137,864 shares in the last quarter. Institutional investors and hedge funds own 27.71% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FUEL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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