The Rubicon Project Inc. (RUBI) Stock Rating Upgraded by Vetr Inc.
The Rubicon Project Inc. (NYSE:RUBI) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $9.25 price objective on the stock. Vetr‘s price objective would indicate a potential upside of 8.82% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of The Rubicon Project in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of The Rubicon Project from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, June 29th. Needham & Company LLC reaffirmed a “buy” rating on shares of The Rubicon Project in a research report on Monday, June 27th. 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, June 22nd. Finally, Jefferies Group reiterated a “buy” rating on shares of The Rubicon Project in a research note on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.65.
The Rubicon Project (NYSE:RUBI) traded up 3.16% during mid-day trading on Monday, hitting $8.50. 310,930 shares of the stock were exchanged. The firm has a market cap of $415.82 million, a P/E ratio of 24.36 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. The company has a 50 day moving average of $8.58 and a 200 day moving average of $13.28.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/the-rubicon-project-inc-rubi-stock-rating-upgraded-by-vetr-inc.html
The Rubicon Project (NYSE:RUBI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The Rubicon Project had a net margin of 6.15% and a return on equity of 13.18%. The company had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $63.76 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The Rubicon Project’s revenue for the quarter was up 34.1% compared to the same quarter last year. On average, equities analysts anticipate that The Rubicon Project will post $0.88 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in The Rubicon Project during the second quarter valued at $19,748,000. Old Mutual Global Investors UK Ltd. purchased a new stake in The Rubicon Project during the second quarter valued at $538,000. Conestoga Capital Advisors LLC increased its stake in The Rubicon Project by 92.1% in the second quarter. Conestoga Capital Advisors LLC now owns 934,580 shares of the company’s stock valued at $12,757,000 after buying an additional 447,954 shares during the last quarter. AMI Asset Management Corp increased its stake in 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 valued at $13,910,000 after buying an additional 27,914 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in The Rubicon Project during the second quarter valued at $587,000. Institutional investors own 65.09% of the company’s stock.
The Rubicon Project Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for The Rubicon Project Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Rubicon Project Inc. and related companies with MarketBeat.com's FREE daily email newsletter.