Rocket Fuel Inc. (FUEL) Given Consensus Recommendation of “Hold” by Analysts
Shares of Rocket Fuel Inc. (NASDAQ:FUEL) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $4.11.
A number of brokerages have recently weighed in on FUEL. Zacks Investment Research raised shares of Rocket Fuel from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Citigroup Inc. reissued a “sell” rating on shares of Rocket Fuel in a report on Wednesday, October 26th. Piper Jaffray Cos. reissued a “hold” rating and set a $2.20 price objective on shares of Rocket Fuel in a report on Wednesday, October 26th. Needham & Company LLC reissued a “hold” rating on shares of Rocket Fuel in a report on Thursday, August 4th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $7.00 price objective on shares of Rocket Fuel in a report on Wednesday, August 3rd.
In other news, Director Richard A. Frankel sold 40,000 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $1.92, for a total transaction of $76,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Frankel sold 20,000 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $1.98, for a total transaction of $39,600.00. The disclosure for this sale can be found here. Insiders own 34.86% of the company’s stock.
Large investors have recently bought and sold shares of the company. Alambic Investment Management L.P. raised its stake in Rocket Fuel by 52.6% in the second quarter. Alambic Investment Management L.P. now owns 130,891 shares of the company’s stock valued at $291,000 after buying an additional 45,100 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in Rocket Fuel by 22.4% in the second quarter. Prescott Group Capital Management L.L.C. now owns 743,546 shares of the company’s stock valued at $1,651,000 after buying an additional 135,911 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Rocket Fuel during the second quarter valued at about $119,000. Barclays PLC raised its stake in Rocket Fuel by 0.4% in the first quarter. Barclays PLC now owns 195,654 shares of the company’s stock valued at $587,000 after buying an additional 828 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Rocket Fuel by 41.4% in the third quarter. Northern Trust Corp now owns 58,477 shares of the company’s stock valued at $154,000 after buying an additional 17,113 shares during the last quarter. 27.30% of the stock is currently owned by institutional investors and hedge funds.
Rocket Fuel (NASDAQ:FUEL) traded down 7.14% during midday trading on Wednesday, reaching $1.82. The company’s stock had a trading volume of 368,002 shares. Rocket Fuel has a one year low of $1.74 and a one year high of $4.10. The stock’s market cap is $82.96 million. The stock’s 50 day moving average price is $2.20 and its 200-day moving average price is $2.47.
Rocket Fuel (NASDAQ:FUEL) last issued its quarterly earnings results on Tuesday, October 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $109.72 million for the quarter, compared to the consensus estimate of $64.18 million. Rocket Fuel had a negative return on equity of 36.55% and a negative net margin of 13.33%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.16) earnings per share. On average, analysts forecast that Rocket Fuel will post ($0.65) EPS for the current fiscal year.
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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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