Rocket Fuel Inc (NASDAQ:FUEL) was downgraded by Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $4.75 target price on the technology company’s stock, up from their previous target price of $4.50. Credit Suisse Group AG’s target price would indicate a potential upside of 36.69% from the stock’s current price.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Rocket Fuel from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rocket Fuel in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.49.
Shares of Rocket Fuel (NASDAQ:FUEL) traded down 11.94% during trading on Wednesday, reaching $3.06. The company had a trading volume of 536,449 shares. The company’s market cap is $141.54 million. The firm has a 50 day moving average price of $4.83 and a 200 day moving average price of $2.94. Rocket Fuel has a 12 month low of $1.70 and a 12 month high of $5.90.
Rocket Fuel (NASDAQ:FUEL) last posted its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.10. Rocket Fuel had a negative net margin of 13.33% and a negative return on equity of 36.55%. The firm had revenue of $95.20 million during the quarter, compared to the consensus estimate of $102.15 million. During the same period in the previous year, the firm posted ($0.28) earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. Analysts predict that Rocket Fuel will post ($0.70) earnings per share for the current year.
Several large investors have recently bought and sold shares of FUEL. Renaissance Technologies LLC increased its stake in Rocket Fuel by 12.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,978,000 shares of the technology company’s stock valued at $5,092,000 after buying an additional 330,300 shares during the last quarter. Acadian Asset Management LLC increased its stake in Rocket Fuel by 33.8% in the first quarter. Acadian Asset Management LLC now owns 820,962 shares of the technology company’s stock valued at $4,402,000 after buying an additional 207,545 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in Rocket Fuel by 210.3% in the first quarter. Moloney Securities Asset Management LLC now owns 288,600 shares of the technology company’s stock valued at $1,547,000 after buying an additional 195,600 shares during the last quarter. Menta Capital LLC increased its stake in Rocket Fuel by 88.3% in the fourth quarter. Menta Capital LLC now owns 223,536 shares of the technology company’s stock valued at $382,000 after buying an additional 104,854 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its stake in Rocket Fuel by 60.4% in the third quarter. Alambic Investment Management L.P. now owns 209,991 shares of the technology company’s stock valued at $554,000 after buying an additional 79,100 shares during the last quarter. 27.71% of the stock is owned by institutional investors.
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.