The Rubicon Project (RUBI) Sees Strong Trading Volume
The Rubicon Project, Inc. (NYSE:RUBI) shares saw unusually-high trading volume on Tuesday . Approximately 2,653,800 shares were traded during trading, an increase of 277% from the previous session’s volume of 704,166 shares.The stock last traded at $1.89 and had previously closed at $1.69.
RUBI has been the subject of a number of recent analyst reports. B. Riley reiterated a “hold” rating and set a $3.00 price target on shares of The Rubicon Project in a report on Friday, November 3rd. Needham & Company LLC restated a “hold” rating on shares of The Rubicon Project in a research note on Thursday, August 24th. Citigroup reduced their target price on The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, ValuEngine downgraded The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.61.
The Rubicon Project (NYSE:RUBI) last announced its earnings results on Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $39.38 million. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s revenue was down 41.9% on a year-over-year basis. analysts predict that The Rubicon Project, Inc. will post -2.58 EPS for the current year.
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The Rubicon Project Company 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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