King Luther Capital Management Corp acquired a new position in shares of The Rubicon Project, Inc. (NYSE:RUBI) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 138,280 shares of the software maker’s stock, valued at approximately $538,000. King Luther Capital Management Corp owned approximately 0.28% of The Rubicon Project at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Voya Investment Management LLC increased its stake in The Rubicon Project by 29.6% during the 2nd quarter. Voya Investment Management LLC now owns 20,823 shares of the software maker’s stock worth $107,000 after buying an additional 4,760 shares in the last quarter. Teton Advisors Inc. increased its stake in The Rubicon Project by 94.2% during the 2nd quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock worth $121,000 after buying an additional 11,400 shares in the last quarter. SG Americas Securities LLC purchased a new stake in The Rubicon Project during the 2nd quarter worth approximately $143,000. Wells Fargo & Company MN grew its position in shares of The Rubicon Project by 7.3% in the second quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock valued at $158,000 after purchasing an additional 2,103 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of The Rubicon Project by 24.5% in the second quarter. Parametric Portfolio Associates LLC now owns 32,266 shares of the software maker’s stock valued at $166,000 after purchasing an additional 6,342 shares in the last quarter. Institutional investors own 62.89% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. B. Riley restated a “neutral” rating and issued a $5.00 price target on shares of The Rubicon Project in a research report on Tuesday, September 12th. ValuEngine lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Needham & Company LLC restated a “hold” rating on shares of The Rubicon Project in a research report on Thursday, August 24th. Finally, Citigroup dropped their price target 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. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The Rubicon Project has a consensus rating of “Hold” and a consensus target price of $5.61.

The Rubicon Project, Inc. (RUBI) traded down $0.03 during mid-day trading on Friday, hitting $1.71. The stock had a trading volume of 3,177,913 shares, compared to its average volume of 456,618. The Rubicon Project, Inc. has a 1-year low of $1.70 and a 1-year high of $9.16.

The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $39.38 million. The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The Rubicon Project’s revenue for the quarter was down 41.9% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. sell-side analysts predict that The Rubicon Project, Inc. will post -2.58 EPS for the current fiscal year.

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The Rubicon Project Profile

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

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