The Rubicon Project Inc. (NYSE:RUBI) Given Average Rating of “Hold” by Brokerages
The Rubicon Project Inc. (NYSE:RUBI) has been given an average recommendation of “Hold” by the seventeen research firms that are presently covering the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.55.
Several equities research analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $26.00 target price on shares of The Rubicon Project in a research report on Wednesday, July 13th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of The Rubicon Project in a research report on Saturday, June 4th. Needham & Company LLC reaffirmed a “buy” rating on shares of The Rubicon Project in a research report on Monday, June 27th. Zacks Investment Research downgraded The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, RBC Capital Markets downgraded The Rubicon Project from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $22.00 to $14.00 in a research report on Wednesday, August 3rd.
The Rubicon Project (NYSE:RUBI) traded up 2.99% on Wednesday, reaching $8.60. The company had a trading volume of 191,809 shares. The stock has a 50 day moving average of $9.14 and a 200 day moving average of $14.16. The firm has a market capitalization of $420.71 million, a PE ratio of 24.64 and a beta of 1.54. The Rubicon Project has a 12 month low of $8.04 and a 12 month high of $20.37.
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The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The firm earned $65.10 million during the quarter, compared to the consensus estimate of $63.76 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. On average, analysts anticipate that The Rubicon Project will post $0.88 EPS for the current year.
A number of hedge funds have recently made changes to their positions in RUBI. Primecap Management Co. CA boosted its stake in shares of The Rubicon Project by 0.8% in the second quarter. Primecap Management Co. CA now owns 4,357,800 shares of the company’s stock valued at $59,484,000 after buying an additional 36,500 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of The Rubicon Project during the second quarter worth $19,748,000. Vanguard Group Inc. boosted its stake in shares of The Rubicon Project by 17.0% in the second quarter. Vanguard Group Inc. now owns 1,210,495 shares of the company’s stock worth $16,523,000 after buying an additional 176,087 shares during the last quarter. AMI Asset Management Corp boosted its stake in shares of The Rubicon Project by 2.8% in the second quarter. AMI Asset Management Corp now owns 1,019,084 shares of the company’s stock worth $13,910,000 after buying an additional 27,914 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of The Rubicon Project by 45.0% in the second quarter. BlackRock Fund Advisors now owns 963,074 shares of the company’s stock worth $13,146,000 after buying an additional 298,788 shares during the last quarter. Hedge funds and other institutional investors own 65.09% of the company’s stock.
About The Rubicon Project
The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for both 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, real-time bidding (RTB) and static bidding, 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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