Vetr upgraded shares of The Rubicon Project Inc. (NYSE:RUBI) from a buy rating to a strong-buy rating in a research note released on Monday. Vetr currently has $9.25 target price on the stock.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of The Rubicon Project from a buy rating to a hold rating in a research report on Tuesday, August 2nd. Oppenheimer Holdings Inc. lowered shares of The Rubicon Project from an outperform rating to a market perform rating in a research report on Wednesday, August 3rd. Albert Fried & Company began coverage on shares of The Rubicon Project in a research report on Friday, September 30th. They issued a market perform rating and a $10.00 price objective on the stock. Cantor Fitzgerald restated a hold rating on shares of The Rubicon Project in a research note on Friday, August 19th. Finally, First Analysis downgraded shares of The Rubicon Project from an overweight rating to an equal weight rating and decreased their price target for the company from $22.00 to $10.50 in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $15.65.

Analyst Recommendations for The Rubicon Project (NYSE:RUBI)

Shares of The Rubicon Project (NYSE:RUBI) traded down 2.12% during trading on Monday, reaching $8.32. 23,954 shares of the company traded hands. The company has a 50-day moving average of $8.58 and a 200-day moving average of $13.28. The Rubicon Project has a 12 month low of $8.04 and a 12 month high of $20.37. The stock has a market capitalization of $407.01 million, a PE ratio of 23.84 and a beta of 1.54.

The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $65.10 million for the quarter, compared to analyst estimates of $63.76 million. The Rubicon Project had a net margin of 6.15% and a return on equity of 13.18%. The company’s revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Analysts forecast that The Rubicon Project will post $0.88 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new stake in The Rubicon Project during the second quarter valued at $1,494,000. Public Employees Retirement System of Ohio raised its stake in The Rubicon Project by 34.1% in the second quarter. Public Employees Retirement System of Ohio now owns 360,400 shares of the company’s stock valued at $4,919,000 after buying an additional 91,700 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in The Rubicon Project by 23.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,357 shares of the company’s stock valued at $1,179,000 after buying an additional 16,224 shares in the last quarter. American Century Companies Inc. bought a new stake in The Rubicon Project during the second quarter valued at $1,470,000. Finally, Numeric Investors LLC bought a new stake in The Rubicon Project during the second quarter valued at $9,266,000. Institutional investors own 65.09% 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 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

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