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The Rubicon Project (NASDAQ:RUBI) announced its earnings results on Tuesday. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.42) by $0.27, AnalystRatings.Net reports. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $20.28 million. The Rubicon Project’s revenue was up 38.6% compared to the same quarter last year. The Rubicon Project updated its Q2 guidance to ($0.24)-($0.21) EPS and its FY14 guidance to ($0.60)-($0.50) EPS.

Shares of The Rubicon Project (NASDAQ:RUBI) remained flat at $11.37 during during mid-day trading trading on Tuesday. The stock had a trading volume of 380,634 shares. The Rubicon Project has a 1-year low of $11.15 and a 1-year high of $23.20. The stock has a 50-day moving average of $17.74 and a 200-day moving average of $17.74. The company’s market cap is $394.7 million.

A number of analysts have recently weighed in on RUBI shares. Analysts at Zacks initiated coverage on shares of The Rubicon Project in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. On the ratings front, analysts at Oppenheimer initiated coverage on shares of The Rubicon Project in a research note on Tuesday, May 6th. They set a “sector perform” rating and a $19.00 price target on the stock. Finally, analysts at Needham & Company LLC initiated coverage on shares of The Rubicon Project in a research note on Monday, April 28th. They set a “buy” rating and a $23.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.40.

The Rubicon Project, Inc is a global technology company that focuses to automate the buying and selling of advertising.

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