Craig Hallum cut shares of The Rubicon Project Inc (NYSE:RUBI) from a buy rating to a hold rating in a research note published on Wednesday. The brokerage currently has $8.00 price objective on the stock.

Several other research firms have also weighed in on RUBI. B. Riley lowered shares of The Rubicon Project from a buy rating to a neutral rating and set a $7.50 price objective on the stock. in a research note on Monday, March 13th. TheStreet raised shares of The Rubicon Project from a d rating to a c rating in a research note on Friday, March 3rd. Needham & Company LLC reissued a hold rating on shares of The Rubicon Project in a research note on Thursday, January 19th. Royal Bank of Canada reduced their price objective on shares of The Rubicon Project from $12.00 to $7.00 and set a sector perform rating on the stock in a research note on Wednesday, March 15th. Finally, Cantor Fitzgerald reissued a hold rating and set a $8.00 price objective on shares of The Rubicon Project in a research note on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. The Rubicon Project presently has an average rating of Hold and an average target price of $10.80.

Shares of The Rubicon Project (NYSE:RUBI) opened at 5.57 on Wednesday. The company’s market capitalization is $267.64 million. The company’s 50 day moving average is $8.25 and its 200 day moving average is $8.08. The Rubicon Project has a 12-month low of $5.51 and a 12-month high of $20.37.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/craig-hallum-lowers-the-rubicon-project-inc-rubi-to-hold.html

Your IP Address:

A number of hedge funds and other institutional investors have recently made changes to their positions in RUBI. Gradient Investments LLC raised its position in shares of The Rubicon Project by 3.6% in the third quarter. Gradient Investments LLC now owns 21,259 shares of the company’s stock worth $176,000 after buying an additional 748 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of The Rubicon Project by 60.7% in the third quarter. Acrospire Investment Management LLC now owns 24,909 shares of the company’s stock worth $206,000 after buying an additional 9,409 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in shares of The Rubicon Project during the fourth quarter worth $210,000. Nine Chapters Capital Management LLC bought a new position in shares of The Rubicon Project during the third quarter worth $213,000. Finally, Virginia Retirement Systems ET AL raised its position in shares of The Rubicon Project by 56.3% in the third quarter. Virginia Retirement Systems ET AL now owns 27,500 shares of the company’s stock worth $228,000 after buying an additional 9,900 shares during the last quarter. 59.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:RUBI

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.