The Rubicon Project Inc. (RUBI) Receives New Coverage from Analysts at Albert Fried & Company
Albert Fried & Company assumed coverage on shares of The Rubicon Project Inc. (NYSE:RUBI) in a research report released on Friday morning. The firm issued a market perform rating and a $10.00 target price on the stock.
A number of other brokerages have also recently weighed in on RUBI. Needham & Company LLC reiterated a buy rating on shares of The Rubicon Project in a research report on Monday, June 27th. First Analysis cut The Rubicon Project from an overweight rating to an equal weight rating and decreased their target price for the stock from $22.00 to $10.50 in a report on Tuesday, August 16th. Citigroup Inc. cut The Rubicon Project from a buy rating to a neutral rating and decreased their target price for the stock from $26.00 to $17.00 in a report on Wednesday, August 3rd. Cantor Fitzgerald restated a hold rating on shares of The Rubicon Project in a report on Friday, August 19th. Finally, B. Riley restated a buy rating and set a $26.00 target price on shares of The Rubicon Project in a report on Sunday, July 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The Rubicon Project has a consensus rating of Hold and a consensus price target of $16.03.
The Rubicon Project (NYSE:RUBI) traded up 1.45% during mid-day trading on Friday, reaching $8.40. The company’s stock had a trading volume of 97,473 shares. The company has a market cap of $410.93 million, a price-to-earnings ratio of 24.07 and a beta of 1.54. The Rubicon Project has a 12 month low of $8.04 and a 12 month high of $20.37. The stock’s 50 day moving average is $8.74 and its 200 day moving average is $13.70.
The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The firm had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $63.76 million. During the same period in the prior year, the business posted $0.06 earnings per share. The business’s revenue was up 34.1% compared to the same quarter last year. Equities research analysts predict that The Rubicon Project will post $0.88 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. acquired a new stake in The Rubicon Project during the second quarter worth approximately $129,000. BlackRock Inc. raised its stake in The Rubicon Project by 390.0% in the second quarter. BlackRock Inc. now owns 10,108 shares of the company’s stock worth $138,000 after buying an additional 8,045 shares in the last quarter. Paloma Partners Management Co acquired a new stake in The Rubicon Project during the second quarter worth approximately $146,000. Quantbot Technologies LP raised its stake in The Rubicon Project by 826.4% in the second quarter. Quantbot Technologies LP now owns 11,654 shares of the company’s stock worth $159,000 after buying an additional 10,396 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in The Rubicon Project during the second quarter worth approximately $183,000. 65.09% of the stock is currently owned by institutional investors.
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.
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