The Rubicon Project, Inc. (NYSE:RUBI) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.63.
Several equities research analysts have recently weighed in on the company. B. Riley reiterated a “neutral” rating and issued a $5.00 price target on shares of The Rubicon Project in a report on Tuesday, September 12th. ValuEngine downgraded The Rubicon Project from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of The Rubicon Project in a report on Thursday, August 24th. Finally, Citigroup reduced their price target on The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, September 26th.
Shares of The Rubicon Project (NYSE:RUBI) traded up $0.20 during midday trading on Thursday, hitting $1.89. The stock had a trading volume of 2,652,353 shares, compared to its average volume of 704,166. The Rubicon Project has a 12-month low of $1.68 and a 12-month high of $9.16.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The business had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $39.38 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 41.9% compared to the same quarter last year. research analysts anticipate that The Rubicon Project will post -2.58 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its holdings in The Rubicon Project by 29.6% during the 2nd quarter. Voya Investment Management LLC now owns 20,823 shares of the software maker’s stock worth $107,000 after purchasing an additional 4,760 shares during the period. Teton Advisors Inc. increased its holdings in The Rubicon Project by 94.2% during the 2nd quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock worth $121,000 after purchasing an additional 11,400 shares during the period. SG Americas Securities LLC purchased a new position in The Rubicon Project during the 2nd quarter worth $143,000. Wells Fargo & Company MN increased its holdings in The Rubicon Project by 7.3% during the 2nd quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock worth $158,000 after purchasing an additional 2,103 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in The Rubicon Project by 24.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 32,266 shares of the software maker’s stock worth $166,000 after purchasing an additional 6,342 shares during the period. Institutional investors own 62.62% of the company’s stock.
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The Rubicon Project Company Profile
The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.
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