Rocket Fuel Inc (FUEL) : Mizuho Securities Usa has sold out all of its stake in Rocket Fuel Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 36,400 shares of Rocket Fuel Inc which is valued at $110,656.
Rocket Fuel Inc closed down -0.06 points or -2.01% at $2.93 with 2,14,510 shares getting traded on Wednesday. Post opening the session at $2.99, the shares hit an intraday low of $2.86 and an intraday high of $3.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Advisory Services Network added FUEL to its portfolio by purchasing 3,200 company shares during the most recent quarter which is valued at $9,728. First Quadrant L Pca added FUEL to its portfolio by purchasing 3,200 company shares during the most recent quarter which is valued at $9,728.Simplex Trading boosted its stake in FUEL in the latest quarter, The investment management firm added 2,673 additional shares and now holds a total of 8,681 shares of Rocket Fuel Inc which is valued at $25,349.
On the company’s financial health, Rocket Fuel Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.19. The company had revenue of $125.40 million for the quarter, compared to analysts expectations of $120.72 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.18 EPS.
Many Wall Street Analysts have commented on Rocket Fuel Inc. Rocket Fuel Inc was Resumed by Citigroup to “Sell” on Apr 12, 2016.
Rocket Fuel Inc. is a technology company that has developed an artificial intelligence (AI) 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. It is focused on the digital advertising market that faces these challenges. The Company’s media-buying platform which it refer to as its Demand-Side Platform (DSP) is available to advertising agencies and advertisers as a managed service offering whereby it manages advertising campaigns on behalf of an advertiser and through a self-service offering whereby an agency or advertiser licenses its technology to manage its own advertising campaigns. Its AI system purchases ad spots or impressions one at a time on these exchanges to create portfolios of impressions designed to optimize the goals of its advertisers.