The Rubicon Project Inc. (RUBI) Lowered to Buy at Vetr Inc.
The Rubicon Project Inc. (NYSE:RUBI) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Tuesday. They presently have a $9.25 price objective on the stock. Vetr‘s price target would suggest a potential upside of 9.47% from the company’s previous close.
RUBI has been the subject of a number of other research reports. Citigroup Inc. raised their target price on shares of The Rubicon Project from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Jefferies Group reiterated a “buy” rating and issued a $14.00 price target on shares of The Rubicon Project in a research note on Monday, August 22nd. TheStreet cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Albert Fried & Company initiated coverage on shares of The Rubicon Project in a research note on Friday. They issued a “market perform” rating and a $10.00 price target for the company. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $14.00 price target on shares of The Rubicon Project in a research note on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.65.
The Rubicon Project (NYSE:RUBI) remained flat at $8.45 during midday trading on Tuesday. 352,053 shares of the company traded hands. The Rubicon Project has a 12-month low of $8.04 and a 12-month high of $20.37. The stock has a 50 day moving average of $8.67 and a 200 day moving average of $13.54. The stock has a market cap of $413.37 million, a P/E ratio of 24.21 and a beta of 1.54.
The Rubicon Project (NYSE:RUBI) last released its earnings results on Tuesday, August 2nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 6.15% and a return on equity of 13.18%. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. Analysts forecast that The Rubicon Project will post $0.88 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new position in The Rubicon Project during the second quarter valued at approximately $129,000. BlackRock Inc. raised its position in The Rubicon Project by 390.0% in the second quarter. BlackRock Inc. now owns 10,108 shares of the company’s stock valued at $138,000 after buying an additional 8,045 shares in the last quarter. Paloma Partners Management Co purchased a new position in The Rubicon Project during the second quarter valued at approximately $146,000. Quantbot Technologies LP raised its position in The Rubicon Project by 826.4% in the second quarter. Quantbot Technologies LP now owns 11,654 shares of the company’s stock valued at $159,000 after buying an additional 10,396 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in The Rubicon Project during the second quarter valued at approximately $183,000. 65.09% of the stock is currently owned by hedge funds and other institutional investors.
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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