Rocket Fuel Inc. (FUEL) Downgraded by Zacks Investment Research to “Hold”
Rocket Fuel Inc. (NASDAQ:FUEL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
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 equities research analysts also recently weighed in on FUEL. Credit Suisse Group AG restated an “outperform” rating and set a $7.00 price target on shares of Rocket Fuel in a report on Wednesday, August 3rd. BMO Capital Markets restated a “hold” rating and set a $4.00 price target on shares of Rocket Fuel in a report on Monday, July 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Rocket Fuel in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.21.
Shares of Rocket Fuel (NASDAQ:FUEL) opened at 2.63 on Wednesday. Rocket Fuel has a 12-month low of $2.09 and a 12-month high of $5.60. The company’s 50 day moving average price is $2.89 and its 200-day moving average price is $2.68. The firm’s market cap is $116.91 million.
Rocket Fuel (NASDAQ:FUEL) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.08. Rocket Fuel had a negative return on equity of 38.96% and a negative net margin of 40.69%. The firm had revenue of $117 million for the quarter, compared to analyst estimates of $111.48 million. During the same quarter in the prior year, the company earned ($0.17) EPS. Rocket Fuel’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Rocket Fuel will post ($0.60) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new stake in shares of Rocket Fuel during the second quarter worth about $214,000. Bridgeway Capital Management Inc. purchased a new stake in shares of Rocket Fuel during the second quarter worth about $384,000. Spark Investment Management LLC boosted its stake in shares of Rocket Fuel by 10.6% in the second quarter. Spark Investment Management LLC now owns 402,100 shares of the company’s stock worth $892,000 after buying an additional 38,500 shares during the period. Vanguard Group Inc. boosted its stake in shares of Rocket Fuel by 5.0% in the second quarter. Vanguard Group Inc. now owns 936,519 shares of the company’s stock worth $2,079,000 after buying an additional 44,358 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Rocket Fuel by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 79,699 shares of the company’s stock worth $177,000 after buying an additional 808 shares during the period. Institutional investors and hedge funds own 29.28% of the company’s stock.
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.
Receive News & Stock Ratings for Rocket Fuel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Fuel Inc. and related stocks with our FREE daily email newsletter.