Rocket Fuel Inc. (FUEL) Receives $3.48 Consensus Price Target from Brokerages
Shares of Rocket Fuel Inc. (NASDAQ:FUEL) have been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.48.
Several brokerages have weighed in on FUEL. ValuEngine downgraded shares of Rocket Fuel from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Rocket Fuel from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
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Shares of Rocket Fuel (NASDAQ:FUEL) remained flat at $2.60 during trading on Tuesday. The company had a trading volume of 409,199 shares. The firm’s 50-day moving average price is $2.60 and its 200-day moving average price is $3.38. The stock’s market capitalization is $122.18 million. Rocket Fuel has a 12 month low of $1.70 and a 12 month high of $5.90.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new position in shares of Rocket Fuel in the second quarter worth $172,000. State Street Corp purchased a new position in shares of Rocket Fuel in the second quarter worth $1,147,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Rocket Fuel in the second quarter worth $193,000. PDT Partners LLC purchased a new position in shares of Rocket Fuel in the second quarter worth $980,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of Rocket Fuel in the second quarter worth $245,000. 40.42% of the stock is owned by institutional investors and hedge funds.
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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