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Rocket Fuel (NASDAQ:FUEL)’s share price traded down 26.9% during trading on Friday after Oppenheimer lowered their price target on the stock from $68.00 to $44.00, AnalystRatingsNetwork reports. Oppenheimer currently has an outperform rating on the stock. Rocket Fuel traded as low as $19.31 and last traded at $20.34, with a volume of 6,526,841 shares changing hands. The stock had previously closed at $27.81.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets downgraded shares of Rocket Fuel from an “outperform” rating to a “market perform” rating in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $58.00. Separately, analysts at Goldman Sachs downgraded shares of Rocket Fuel from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $69.00. Finally, analysts at First Analysis initiated coverage on shares of Rocket Fuel in a research note on Monday. They set an “overweight” rating and a $45.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.88.

The stock has a 50-day moving average of $38.15 and a 200-day moving average of $49.98. The company’s market cap is $704.3 million.

Rocket Fuel (NASDAQ:FUEL) last released its earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.30) by $0.12. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $76.21 million. Rocket Fuel’s revenue was up 94.8% compared to the same quarter last year. Analysts expect that Rocket Fuel will post $-0.29 EPS for the current fiscal year.

Rocket Fuel, Inc is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform.

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