The Rubicon Project Inc. (RUBI) Cut to “Buy” at Vetr Inc.
Vetr lowered shares of The Rubicon Project Inc. (NYSE:RUBI) from a strong-buy rating to a buy rating in a report published on Wednesday morning. They currently have $7.64 target price on the stock.
Several other brokerages have also weighed in on RUBI. Zacks Investment Research lowered The Rubicon Project from a buy rating to a hold rating in a research report on Tuesday, August 2nd. B. Riley reiterated a buy rating and issued a $26.00 price objective on shares of The Rubicon Project in a research report on Sunday, July 31st. Jefferies Group reiterated a buy rating on shares of The Rubicon Project in a research report on Monday, July 18th. Raymond James Financial Inc. lowered The Rubicon Project from an outperform rating to a market perform rating in a research report on Wednesday, August 3rd. Finally, Cantor Fitzgerald lowered The Rubicon Project from a buy rating to a hold rating and lowered their price target for the stock from $22.00 to $14.00 in a research report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $14.98.
The Rubicon Project (NYSE:RUBI) opened at 7.91 on Wednesday. The company has a market capitalization of $387.90 million, a price-to-earnings ratio of 17.82 and a beta of 1.57. The Rubicon Project has a 52-week low of $6.12 and a 52-week high of $20.37. The stock has a 50 day moving average price of $7.87 and a 200 day moving average price of $11.45.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.23. The company earned $65.80 million during the quarter, compared to analyst estimates of $62.94 million. The Rubicon Project had a return on equity of 14.55% and a net margin of 8.62%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities analysts expect that The Rubicon Project will post $0.94 earnings per share for the current year.
Several large investors have recently made changes to their positions in RUBI. Advisor Group Inc. purchased a new stake in shares of The Rubicon Project during the second quarter valued at approximately $129,000. BlackRock Inc. raised its stake in shares of 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 during the period. Paloma Partners Management Co purchased a new stake in shares of The Rubicon Project during the second quarter valued at approximately $146,000. Quantbot Technologies LP raised its stake in shares of 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 during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of The Rubicon Project during the second quarter valued at approximately $183,000. 64.09% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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