Rocket Fuel Inc. (NASDAQ:FUEL) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other research firms have also issued reports on FUEL. Credit Suisse Group lowered Rocket Fuel from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $4.50 to $4.75 in a report on Wednesday, May 10th. Zacks Investment Research lowered Rocket Fuel from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.32.

Shares of Rocket Fuel (NASDAQ FUEL) remained flat at $2.59 on Thursday. 379,848 shares of the stock traded hands. The firm’s 50 day moving average is $2.70 and its 200 day moving average is $3.32. The company’s market cap is $121.71 million. Rocket Fuel has a 1-year low of $1.70 and a 1-year high of $5.90.

Rocket Fuel (NASDAQ:FUEL) last released its earnings results on Tuesday, May 9th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.10. Rocket Fuel had a negative return on equity of 54.16% and a negative net margin of 16.39%. The business had revenue of $95.20 million for the quarter, compared to analyst estimates of $102.15 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. Rocket Fuel’s revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Rocket Fuel will post ($0.92) earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers acquired a new stake in Rocket Fuel during the second quarter valued at about $104,000. Jane Street Group LLC acquired a new stake in Rocket Fuel during the first quarter valued at about $105,000. Teachers Advisors LLC acquired a new stake in Rocket Fuel during the second quarter valued at about $177,000. Segantii Capital Management Ltd acquired a new stake in Rocket Fuel during the first quarter valued at about $223,000. Finally, California Public Employees Retirement System raised its stake in Rocket Fuel by 66.6% in the second quarter. California Public Employees Retirement System now owns 82,800 shares of the technology company’s stock valued at $228,000 after buying an additional 33,100 shares in the last quarter. Hedge funds and other institutional investors own 33.13% 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.

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