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.

5 Day Chart for NYSE:RUBI

To view Vetr’s full report, visit Vetr’s official website.

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