The stock of Rocket Fuel Inc (NASDAQ:FUEL) reached all time low today, Oct, 31 and still has $1.78 target or 12.00% below today’s $2.02 share price. This indicates more downside for the $82.12 million company. This technical setup was reported by Barchart.com. If the $1.78 PT is reached, the company will be worth $9.85M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 289,045 shares traded hands or 23.41% up from the average. Rocket Fuel Inc (NASDAQ:FUEL) has declined 31.63% since March 29, 2016 and is downtrending. It has underperformed by 35.10% the S&P500.
Analysts await Rocket Fuel Inc (NASDAQ:FUEL) to report earnings on November, 2. They expect $-0.22 earnings per share, up 29.03% or $0.09 from last year’s $-0.31 per share. After $-0.25 actual earnings per share 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. Zacks downgraded the shares of FUEL in a report on Tuesday, August 11 to “Buy” rating. The stock has “Hold” rating given by Evercore on Thursday, September 3. Citigroup maintained it with “Neutral” rating and $5.50 target price in Monday, September 28 report. The stock of Rocket Fuel Inc (NASDAQ:FUEL) earned “Neutral” rating by Boenning & Scattergood on Thursday, November 12.
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 2016 Q2. Its down 0.84, from 1.36 in 2016Q1. The ratio worsened, 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.
Goldman Sachs has invested 0% of its portfolio in Rocket Fuel Inc (NASDAQ:FUEL). Northern Trust Corporation accumulated 41,364 shares or 0% of the stock. Vanguard Gru owns 936,519 shares or 0% of their US portfolio. Dimensional Fund Advisors L P holds 0% or 24,550 shares in its portfolio. Millennium Management Ltd Liability Company last reported 0% of its portfolio in the stock. Jpmorgan Chase holds 0% of its portfolio in Rocket Fuel Inc (NASDAQ:FUEL) for 79,699 shares. Susquehanna Interest Ltd Liability Partnership accumulated 0% or 138,094 shares. Deutsche Commercial Bank Ag last reported 178,995 shares in the company. Blackrock Institutional Tru Na has 0% invested in the company for 299,206 shares. Geode Mgmt Llc accumulated 0% or 150,746 shares. Citigroup Inc has 0% invested in the company for 2,072 shares. Qci Asset Inc Ny last reported 1,479 shares in the company. Federated Invsts Pa last reported 0% of its portfolio in the stock. Prudential Public Ltd Com has 4.49M shares for 0.04% of their US portfolio. Kcg Hldg last reported 11,206 shares in the company.
More news for Rocket Fuel Inc (NASDAQ:FUEL) were recently published by: Profitconfidential.com, which released: “FUEL Stock: Has Rocket Fuel Inc Finally Bottomed?” on August 15, 2016. Benzinga.com‘s article titled: “Rocket Fuel Inc Blasts Away Q2 Estimates; Credit Suisse Maintains Outperform” and published on August 03, 2016 is yet another important article.
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.
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