Rocket Fuel Inc (FUEL) Downgraded by Zacks Investment Research to Hold
Source: Rocket Fuel
Rocket Fuel Inc (NASDAQ:FUEL) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ARN reports.
According to Zacks, “Rocket Fuel Inc. is a leading provider of artificial intelligence advertising solutions for digital marketers. They deliver a leading programmatic media-buying platform at Big Data scale that harnesses the power of artificial intelligence to improve marketing ROI in digital media across web, mobile, video, and social channels. Rocket Fuel powers digital advertising and marketing programs globally for customers in North America, Europe, and Japan. Customers trust Rocket Fuel’s Advertising That Learns platform to achieve brand and direct-response objectives in diverse industries from luxury cars to groceries to retail. “
Rocket Fuel (NASDAQ:FUEL) traded up 1.70% during trading on Tuesday, hitting $2.99. 218,219 shares of the company were exchanged. The stock’s 50-day moving average is $3.20 and its 200-day moving average is $3.48. The company’s market capitalization is $129.02 million. Rocket Fuel has a 12 month low of $2.61 and a 12 month high of $9.64.
Rocket Fuel (NASDAQ:FUEL) last released its quarterly earnings results on Wednesday, February 24th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.15. The company earned $125.40 million during the quarter, compared to analysts’ expectations of $119.43 million. During the same quarter in the prior year, the company earned ($0.18) EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that Rocket Fuel will post ($0.99) earnings per share for the current year.
A hedge fund recently bought a new stake in Rocket Fuel stock. TFS Capital LLC bought a new stake in shares of Rocket Fuel Inc (NASDAQ:FUEL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 581,077 shares of the company’s stock, valued at approximately $2,028,000. TFS Capital LLC owned approximately 1.35% of Rocket Fuel at the end of the most recent quarter.
A number of other equities analysts have also recently weighed in on the company. Citigroup Inc. began coverage on Rocket Fuel in a report on Monday, April 11th. They issued a “sell” rating and a $2.50 price target for the company. BMO Capital Markets restated a “market perform” rating and issued a $4.00 price target (down previously from $5.00) on shares of Rocket Fuel in a report on Friday, February 26th. Piper Jaffray restated a “neutral” rating and issued a $4.00 price target on shares of Rocket Fuel in a report on Thursday, February 25th. Finally, Goldman Sachs decreased their price target on Rocket Fuel from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Monday, February 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.08.
Rocket Fuel Inc is a technology company that has developed an artificial intelligence (NASDAQ:FUEL) and big data-driven predictive modeling and automated decision-making platform. The Company’s technology is designed to address the needs of markets in which the volume and speed of information render real-time human analysis infeasible.
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