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Rocket Fuel (NASDAQ:FUEL) reached a new 52-week low during trading on Wednesday after Piper Jaffray lowered their price target on the stock from $60.00 to $40.00, Analyst Ratings News reports. The stock traded as low as $17.60 and last traded at $18.01, with a volume of 3,465,679 shares traded. The stock had previously closed at $24.75.

FUEL has been the subject of a number of other recent research reports. Analysts at Oppenheimer cut their price target on shares of Rocket Fuel from $44.00 to $31.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company LLC downgraded shares of Rocket Fuel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. They now have a $30.00 price target on the stock, down previously from $75.00. Finally, analysts at First Analysis downgraded shares of Rocket Fuel from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $33.25.

The stock’s 50-day moving average is $25.97 and its 200-day moving average is $37.2. The company’s market cap is $632.9 million. Rocket Fuel also was the recipient of unusually large options trading on Tuesday. Stock traders acquired 235 put options on the stock. This represents an increase of 101% compared to the average volume of 117 put options.

Rocket Fuel (NASDAQ:FUEL) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.22) by $0.11. The company had revenue of $92.60 million for the quarter, compared to the consensus estimate of $90.22 million. Rocket Fuel’s revenue was up 70.2% compared to the same quarter last year. Analysts expect that Rocket Fuel will post $-0.24 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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