Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Rubicon Project Inc. (NYSE:RUBI) during the second quarter, Holdings Channel reports. The firm purchased 32,361 shares of the company’s stock, valued at approximately $442,000. Dynamic Technology Lab Private Ltd owned about 0.07% of The Rubicon Project at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fox Run Management L.L.C. purchased a new stake in shares of The Rubicon Project during the second quarter valued at about $321,000. Nordea Investment Management AB purchased a new stake in shares of The Rubicon Project during the second quarter valued at about $587,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of The Rubicon Project during the second quarter valued at about $538,000. Oxford Asset Management increased its stake in shares of The Rubicon Project by 53.4% in the second quarter. Oxford Asset Management now owns 135,249 shares of the company’s stock valued at $1,846,000 after buying an additional 47,106 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of The Rubicon Project during the second quarter valued at about $3,920,000. Hedge funds and other institutional investors own 65.09% of the company’s stock.

Shares of The Rubicon Project Inc. (NYSE:RUBI) traded up 0.3533% during midday trading on Wednesday, hitting $8.3795. 6,037 shares of the company were exchanged. The company’s 50 day moving average price is $9.14 and its 200 day moving average price is $14.16. The firm has a market cap of $409.93 million, a P/E ratio of 24.0100 and a beta of 1.54. The Rubicon Project Inc. has a one year low of $8.04 and a one year high of $20.37.

The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $65.10 million for the quarter, compared to the consensus estimate of $63.76 million. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Equities analysts expect that The Rubicon Project Inc. will post $0.88 EPS for the current year.

A number of analysts have recently weighed in on the stock. Citigroup Inc. raised their price target on shares of The Rubicon Project from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Jefferies Group reissued a “buy” rating and set a $14.00 price target on shares of The Rubicon Project in a research report on Monday, September 12th. Morgan Stanley downgraded shares of The Rubicon Project from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research report on Monday, September 12th. Cantor Fitzgerald reissued a “hold” rating on shares of The Rubicon Project in a research report on Friday, September 2nd. Finally, TheStreet downgraded shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The Rubicon Project currently has an average rating of “Hold” and a consensus target price of $16.41.

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

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