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The Rubicon Project (NASDAQ:RUBI) shares hit a new 52-week low during mid-day trading on Monday , Stock Ratings News reports. The company traded as low as $8.76 and last traded at $9.24, with a volume of 389,901 shares trading hands. The stock had previously closed at $9.39.

Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of The Rubicon Project in a research note on Wednesday, May 14th. They now have a $18.00 price target on the stock, down previously from $21.00. Separately, analysts at Oppenheimer upgraded shares of The Rubicon Project from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $18.00 price target on the stock, down previously from $19.00. They noted that the move was a valuation call. Finally, analysts at RBC Capital upgraded shares of The Rubicon Project from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $19.00 price target on the stock, down previously from $22.00. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $21.00.

The stock’s 50-day moving average is $12.40 and its 200-day moving average is $14.37. The company’s market cap is $342.4 million.

The Rubicon Project (NASDAQ:RUBI) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.27. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $20.28 million. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. Analysts expect that The Rubicon Project will post $-0.53 EPS for the current fiscal year.

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

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