The Rubicon Project Inc. (RUBI) Now Covered by Albert Fried & Company
Albert Fried & Company began coverage on shares of The Rubicon Project Inc. (NYSE:RUBI) in a research note issued on Friday. The firm set a “market perform” rating on the stock.
A number of other research firms also recently issued reports on RUBI. Cantor Fitzgerald restated a “buy” rating on shares of The Rubicon Project in a research note on Saturday, June 4th. Zacks Investment Research downgraded The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. B. Riley reaffirmed a “buy” rating and set a $26.00 price objective on shares of The Rubicon Project in a research report on Sunday, July 31st. Finally, Jefferies Group reaffirmed a “buy” rating on shares of The Rubicon Project in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The Rubicon Project presently has an average rating of “Hold” and an average target price of $16.41.
The Rubicon Project (NYSE:RUBI) traded up 0.36% on Friday, hitting $8.30. 166,156 shares of the company traded hands. The firm has a market capitalization of $406.04 million, a PE ratio of 23.78 and a beta of 1.54. The firm’s 50 day moving average price is $8.78 and its 200 day moving average price is $13.77. The Rubicon Project has a 1-year low of $8.04 and a 1-year high of $20.37.
The Rubicon Project (NYSE:RUBI) last released 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 business earned $65.10 million during the quarter, compared to the consensus estimate of $63.76 million. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. Equities research analysts predict that The Rubicon Project will post $0.88 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its position in 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 in the last quarter. Bank of Montreal Can bought a new position in The Rubicon Project during the second quarter valued at $19,748,000. Vanguard Group Inc. increased its position in The Rubicon Project by 17.0% in the second quarter. Vanguard Group Inc. now owns 1,210,495 shares of the company’s stock valued at $16,523,000 after buying an additional 176,087 shares in the last quarter. AMI Asset Management Corp increased its position 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 in the last quarter. Finally, BlackRock Fund Advisors increased its position in The Rubicon Project by 45.0% in the second quarter. BlackRock Fund Advisors now owns 963,074 shares of the company’s stock valued at $13,146,000 after buying an additional 298,788 shares in the last quarter. 65.09% of the stock is currently owned by institutional investors and hedge funds.
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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