OxFORD Asset Management LLP reduced its position in The Rubicon Project, Inc. (NYSE:RUBI) by 33.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,647 shares of the software maker’s stock after selling 168,063 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.69% of The Rubicon Project worth $1,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of The Rubicon Project by 83.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock worth $9,596,000 after buying an additional 846,857 shares in the last quarter. Divisar Capital Management LLC grew its position in shares of The Rubicon Project by 82.4% during the first quarter. Divisar Capital Management LLC now owns 1,787,488 shares of the software maker’s stock worth $10,528,000 after buying an additional 807,583 shares in the last quarter. potrero capital research llc grew its position in shares of 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 buying an additional 451,087 shares in the last quarter. Soros Fund Management LLC acquired a new position in shares of The Rubicon Project during the first quarter worth about $1,182,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of The Rubicon Project during the second quarter worth about $863,000. 62.45% of the stock is owned by institutional investors.

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A number of brokerages have recently commented on RUBI. B. Riley reissued a “neutral” rating and set a $5.00 price objective on shares of The Rubicon Project in a research report on Monday, August 7th. BidaskClub downgraded The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Citigroup Inc. lowered their price objective on 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. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research report on Thursday, August 24th. Finally, Zacks Investment Research downgraded The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The Rubicon Project presently has an average rating of “Hold” and an average price target of $6.10.

Shares of The Rubicon Project, Inc. (RUBI) opened at 3.70 on Monday. The Rubicon Project, Inc. has a 1-year low of $3.38 and a 1-year high of $9.16. The stock’s market cap is $181.48 million. The company’s 50-day moving average price is $3.83 and its 200 day moving average price is $4.88.

The Rubicon Project (NYSE:RUBI) last issued its earnings results on Tuesday, August 1st. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $47.98 million. The Rubicon Project had a negative return on equity of 1.15% and a negative net margin of 20.28%. The Rubicon Project’s revenue was down 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. Equities analysts forecast that The Rubicon Project, Inc. will post ($0.39) EPS for the current fiscal 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.

Institutional Ownership by Quarter for The Rubicon Project (NYSE:RUBI)

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