Rocket Fuel Inc. (NASDAQ:FUEL) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, July 6th.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Rocket Fuel from a “hold” rating to a “sell” rating in a research note on Monday, June 26th. Credit Suisse Group cut shares of Rocket Fuel from an “outperform” rating to a “neutral” rating and raised their target price for the company from $4.50 to $4.75 in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $3.49.

Shares of Rocket Fuel (NASDAQ:FUEL) traded down 0.73% during midday trading on Thursday, reaching $2.71. The company had a trading volume of 154,589 shares. The company has a 50 day moving average price of $2.95 and a 200-day moving average price of $3.18. The firm’s market capitalization is $125.86 million. Rocket Fuel has a one year low of $1.70 and a one year high of $5.90.

Rocket Fuel (NASDAQ:FUEL) last posted its earnings results on Tuesday, May 9th. The technology company reported ($0.32) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.10. The company had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $102.15 million. Rocket Fuel had a negative net margin of 15.09% and a negative return on equity of 44.37%. Rocket Fuel’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the company posted ($0.28) earnings per share. On average, analysts anticipate that Rocket Fuel will post ($0.76) EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in FUEL. Vanguard Group Inc. boosted its position in 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. Menta Capital LLC boosted its position in Rocket Fuel by 13.9% in the first quarter. Menta Capital LLC now owns 254,710 shares of the technology company’s stock worth $1,365,000 after buying an additional 31,174 shares in the last quarter. Concourse Capital Management LLC purchased a new position in Rocket Fuel during the first quarter worth approximately $550,000. Segantii Capital Management Ltd purchased a new position in Rocket Fuel during the first quarter worth approximately $223,000. Finally, California Public Employees Retirement System purchased a new position in Rocket Fuel during the first quarter worth approximately $266,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

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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