The stock of Rocket Fuel Inc (NASDAQ:FUEL) is a huge mover today! The stock decreased 2.94% or $0.08 during the last trading session, hitting $2.64. About 284,177 shares traded hands. Rocket Fuel Inc (NASDAQ:FUEL) has declined 25.42% since February 29, 2016 and is downtrending. It has underperformed by 35.85% the S&P500.
The move comes after 7 months negative chart setup for the $116.08 million company. It was reported on Oct, 1 by Barchart.com. We have $2.32 PT which if reached, will make NASDAQ:FUEL worth $13.93 million less.
Analysts await Rocket Fuel Inc (NASDAQ:FUEL) to report earnings on November, 2. They expect $-0.22 EPS, up 29.03% or $0.09 from last year’s $-0.31 per share. After $-0.25 actual EPS reported by Rocket Fuel Inc for the previous quarter, Wall Street now forecasts -12.00% EPS growth.
Rocket Fuel Inc (NASDAQ:FUEL) Ratings Coverage
Out of 2 analysts covering Rocket Fuel (NASDAQ:FUEL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Rocket Fuel has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Boenning & Scattergood initiated the shares of FUEL in a report on Thursday, November 12 with “Neutral” rating. The rating was maintained by Citigroup on Monday, September 28 with “Neutral”. The rating was downgraded by Zacks on Tuesday, August 11 to “Buy”. The firm earned “Hold” rating on Thursday, September 3 by Evercore.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.52 in Q2 2016. Its down 0.84, from 1.36 in 2016Q1. The ratio dived, as 15 funds sold all Rocket Fuel Inc shares owned while 27 reduced positions. 8 funds bought stakes while 14 increased positions. They now own 12.64 million shares or 8.12% less from 13.75 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa accumulated 72 shares or 0% of the stock. State Street, a Massachusetts-based fund reported 32,900 shares. Spot Trading Ltd accumulated 17,297 shares or 0% of the stock. Lmr Partners Limited Liability Partnership holds 0.01% of its portfolio in Rocket Fuel Inc (NASDAQ:FUEL) for 20,476 shares. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 314 shares. Acadian Asset Management Ltd Liability Corp accumulated 0% or 53,666 shares. Wells Fargo & Mn holds 6,335 shares or 0% of its portfolio. Royal Bank & Trust Of Canada, a Ontario – Canada-based fund reported 8,118 shares. Moreover, Kcg Holding has 0% invested in Rocket Fuel Inc (NASDAQ:FUEL) for 11,206 shares. Retail Bank Of America De holds 8,388 shares or 0% of its portfolio. Citadel Advsr Limited Liability owns 15,549 shares or 0% of their US portfolio. Walleye Trading Limited Com last reported 11,654 shares in the company. Goldman Sachs Gp Inc owns 90,463 shares or 0% of their US portfolio. National Bank Of Montreal Can accumulated 0% or 1,821 shares. Blackrock Inv Lc last reported 5,701 shares in the company.
More recent Rocket Fuel Inc (NASDAQ:FUEL) news were published by: Benzinga.com which released: “Rocket Fuel Inc Blasts Away Q2 Estimates; Credit Suisse Maintains Outperform” on August 03, 2016. Also Profitconfidential.com published the news titled: “FUEL Stock: Has Rocket Fuel Inc Finally Bottomed?” on August 15, 2016. Seekingalpha.com‘s news article titled: “Donald Cannot Make Rocket Fuel Great Again” with publication date: July 04, 2016 was also an interesting one.
FUEL Company Profile
Rocket Fuel Inc., incorporated on March 25, 2008, is a technology company, which offers a Programmatic Marketing Platform that is designed for helping marketers and their agencies to connect with clients through digital media. The Company’s service offerings are organized around platforms, including Data Management Platform (DMP) and Demand Side Platform (DSP). DMP and DSP are used by clients themselves or integrating with other customer relationship management or marketing platforms, and together in various permutations as its Programmatic Marketing Platform. The integrated platform is designed to deliver and optimize media spend to engage, upsell and retarget clients across addressable channels, including display, mobile, video, social and television, and across addressable devices, including tablets, personal computers, set top boxes, television and mobile phones. The Firm offers Programmatic Marketing Platform as a managed service, which it operate on behalf of its customers, and as a self-service platform operated by its clients or their agencies directly. The Company’s Programmatic Marketing Platform uses a technology, Moment Scoring.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.