The Rubicon Project, Inc. (NYSE:RUBI) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.63.

Several analysts recently weighed in on RUBI shares. ValuEngine cut shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. B. Riley reissued a “hold” rating and issued a $5.00 price objective on shares of The Rubicon Project in a research note on Monday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research note on Friday, November 3rd. Finally, Citigroup reduced their price objective on shares of The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 26th.

Shares of The Rubicon Project (NYSE:RUBI) traded down $0.03 during trading hours on Thursday, hitting $1.72. 709,962 shares of the stock traded hands, compared to its average volume of 696,305. The Rubicon Project has a 52 week low of $1.69 and a 52 week high of $9.16.

The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $39.38 million. The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The firm’s quarterly revenue was down 41.9% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. research analysts predict that The Rubicon Project will post -2.58 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC boosted its position in The Rubicon Project by 29.6% during the second quarter. Voya Investment Management LLC now owns 20,823 shares of the software maker’s stock valued at $107,000 after acquiring an additional 4,760 shares during the last quarter. Teton Advisors Inc. boosted its position in The Rubicon Project by 94.2% during the second quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock valued at $121,000 after acquiring an additional 11,400 shares during the last quarter. SG Americas Securities LLC bought a new stake in The Rubicon Project during the second quarter valued at $143,000. Cubist Systematic Strategies LLC boosted its position in The Rubicon Project by 308.5% during the third quarter. Cubist Systematic Strategies LLC now owns 39,706 shares of the software maker’s stock valued at $154,000 after acquiring an additional 29,985 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in The Rubicon Project by 7.3% during the second quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock valued at $158,000 after acquiring an additional 2,103 shares during the last quarter. 62.89% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for The Rubicon Project (NYSE:RUBI)

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