B. Riley Reiterates “Neutral” Rating for The Rubicon Project, Inc. (NYSE:RUBI)
The Rubicon Project, Inc. (NYSE:RUBI)‘s stock had its “neutral” rating reissued by research analysts at B. Riley in a research report issued to clients and investors on Monday. They currently have a $5.00 price objective on the software maker’s stock. B. Riley’s price target points to a potential upside of 24.07% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a “hold” rating and set a $7.25 price objective on shares of The Rubicon Project in a research report on Monday, May 8th. TheStreet cut shares of The Rubicon Project from a “c” rating to a “d” rating in a research report on Monday, April 17th. Zacks Investment Research cut shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub cut shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $6.00 price objective on shares of The Rubicon Project in a research report on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.04.
The Rubicon Project (RUBI) traded down 2.18% during mid-day trading on Monday, hitting $4.03. 417,314 shares of the company’s stock were exchanged. The stock’s market cap is $197.66 million. The stock’s 50 day moving average price is $5.23 and its 200-day moving average price is $6.31. The Rubicon Project has a 12 month low of $3.91 and a 12 month high of $9.95.
The Rubicon Project (NYSE:RUBI) last posted its earnings results on Tuesday, August 1st. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The Rubicon Project had a negative return on equity of 1.15% and a negative net margin of 20.28%. The firm had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $47.98 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was down 34.1% compared to the same quarter last year. Equities analysts expect that The Rubicon Project will post ($0.33) EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. BlackRock Group LTD boosted its position in shares of The Rubicon Project by 399.9% in the first quarter. BlackRock Group LTD now owns 9,539 shares of the software maker’s stock worth $175,000 after buying an additional 7,631 shares during the last quarter. Barclays PLC acquired a new position in shares of The Rubicon Project during the first quarter worth approximately $175,000. Quantbot Technologies LP boosted its position in shares of The Rubicon Project by 826.4% in the second quarter. Quantbot Technologies LP now owns 11,654 shares of the software maker’s stock worth $159,000 after buying an additional 10,396 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of The Rubicon Project during the second quarter worth approximately $185,000. Finally, Quotient Investors LLC acquired a new position in shares of The Rubicon Project during the second quarter worth approximately $186,000. Institutional investors own 63.19% 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 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 and real-time bidding (RTB), and 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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