JPMorgan Chase & Co. cut its position in shares of Rocket Fuel Inc. (NASDAQ:FUEL) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,959 shares of the technology company’s stock after selling 2,286 shares during the period. JPMorgan Chase & Co. owned approximately 0.17% of Rocket Fuel worth $418,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Rocket Fuel by 12.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,978,000 shares of the technology company’s stock worth $5,092,000 after buying an additional 330,300 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Rocket Fuel by 33.8% in the first quarter. Acadian Asset Management LLC now owns 820,962 shares of the technology company’s stock worth $4,402,000 after buying an additional 207,545 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of 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 worth $1,547,000 after buying an additional 195,600 shares during the last quarter. TFS Capital LLC purchased a new position in shares of Rocket Fuel during the first quarter worth approximately $786,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Rocket Fuel during the first quarter worth approximately $277,000. Institutional investors own 31.38% of the company’s stock.
Rocket Fuel Inc. (FUEL) opened at 2.60 on Tuesday. The company’s market capitalization is $120.75 million. The stock has a 50 day moving average price of $2.74 and a 200-day moving average price of $3.31. Rocket Fuel Inc. has a 52 week low of $1.70 and a 52 week 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.10. Rocket Fuel had a negative net margin of 15.09% and a negative return on equity of 44.37%. The company 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) EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts predict that Rocket Fuel Inc. will post ($0.92) earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “JPMorgan Chase & Co. Cuts Position in Rocket Fuel Inc. (FUEL)” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/01/jpmorgan-chase-co-cuts-position-in-rocket-fuel-inc-fuel.html.
FUEL has been the subject of a number of research reports. Zacks Investment Research upgraded Rocket Fuel from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. Credit Suisse Group cut Rocket Fuel from an “outperform” rating to a “neutral” rating and increased their price target for the company from $4.50 to $4.75 in a research note on Wednesday, May 10th. Finally, ValuEngine upgraded Rocket Fuel from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.32.
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.
Want to see what other hedge funds are holding FUEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Fuel Inc. (NASDAQ:FUEL).
Receive News & Ratings for Rocket Fuel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Fuel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
