The Rubicon Project, Inc. (RUBI) is Divisar Capital Management LLC’s 7th Largest Position
Divisar Capital Management LLC boosted its holdings in The Rubicon Project, Inc. (NYSE:RUBI) by 38.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,476,289 shares of the software maker’s stock after buying an additional 688,801 shares during the quarter. The Rubicon Project makes up about 5.8% of Divisar Capital Management LLC’s holdings, making the stock its 7th largest position. Divisar Capital Management LLC owned 5.05% of The Rubicon Project worth $12,728,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of RUBI. Dimensional Fund Advisors LP increased its stake in The Rubicon Project by 83.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock valued at $9,596,000 after purchasing an additional 846,857 shares during the last quarter. potrero capital research llc raised its holdings in The Rubicon Project by 2,281.1% during the first quarter. potrero capital research llc now owns 470,862 shares of the software maker’s stock worth $2,773,000 after purchasing an additional 451,087 shares in the last quarter. Bogle Investment Management L P DE raised its holdings in The Rubicon Project by 128.6% during the first quarter. Bogle Investment Management L P DE now owns 747,108 shares of the software maker’s stock worth $4,400,000 after purchasing an additional 420,258 shares in the last quarter. Soros Fund Management LLC acquired a new stake in The Rubicon Project during the first quarter worth approximately $1,182,000. Finally, Marshall Wace North America L.P. acquired a new stake in The Rubicon Project during the second quarter worth approximately $863,000. 62.45% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on RUBI. Zacks Investment Research cut shares of The Rubicon Project from a “buy” rating to a “hold” rating in a report on Friday, July 14th. ValuEngine lowered shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. BidaskClub lowered shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research report on Thursday, August 24th. Finally, Citigroup Inc. reduced their price target on shares of The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.10.
Shares of The Rubicon Project, Inc. (NYSE RUBI) traded down 4.42% on Wednesday, reaching $3.68. 217,689 shares of the company’s stock traded hands. The Rubicon Project, Inc. has a 52 week low of $3.38 and a 52 week high of $9.16. The stock’s market capitalization is $180.50 million. The company has a 50 day moving average of $3.83 and a 200-day moving average of $4.91.
The Rubicon Project (NYSE:RUBI) last released its earnings results on Tuesday, August 1st. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $47.98 million. The Rubicon Project had a negative net margin of 20.28% and a negative return on equity of 1.15%. The firm’s revenue for the quarter was down 34.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. Equities research analysts forecast that The Rubicon Project, Inc. will post ($0.39) earnings per share for the current year.
About The Rubicon Project
The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for 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 and real-time bidding (RTB), and 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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