Rocket Fuel Inc. (NASDAQ:FUEL) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.48.

Several research analysts have weighed in on the company. ValuEngine cut Rocket Fuel from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised Rocket Fuel from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Credit Suisse Group cut Rocket Fuel from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $4.50 to $4.75 in a research report on Wednesday, May 10th.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Concourse Capital Management LLC boosted its position in Rocket Fuel by 2.2% in the second quarter. Concourse Capital Management LLC now owns 104,754 shares of the technology company’s stock valued at $288,000 after buying an additional 2,220 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new stake in shares of Rocket Fuel during the second quarter valued at about $268,000. Teachers Advisors LLC purchased a new stake in shares of Rocket Fuel during the second quarter valued at about $177,000. Federated Investors Inc. PA raised its stake in shares of Rocket Fuel by 5.4% in the second quarter. Federated Investors Inc. PA now owns 151,426 shares of the technology company’s stock valued at $416,000 after buying an additional 7,768 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Rocket Fuel by 353.0% in the second quarter. Bank of New York Mellon Corp now owns 126,007 shares of the technology company’s stock valued at $347,000 after buying an additional 98,192 shares during the last quarter. 33.13% of the stock is currently owned by institutional investors and hedge funds.

Rocket Fuel (NASDAQ:FUEL) remained flat at $2.59 during midday trading on Friday. 158,381 shares of the company’s stock were exchanged. The company’s market capitalization is $120.79 million. The stock’s 50-day moving average is $2.70 and its 200 day moving average is $3.32. 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 data on Tuesday, May 9th. The technology company reported ($0.32) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.10. Rocket Fuel had a negative return on equity of 49.09% and a negative net margin of 16.39%. The business had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $102.15 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. The business’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.

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.

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