The Rubicon Project Inc. (RUBI) Stock Rating Lowered by Vetr Inc.
The Rubicon Project Inc. (NYSE:RUBI) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Tuesday. They currently have a $9.25 target price on the stock. Vetr‘s target price would indicate a potential upside of 9.34% from the company’s current price.
RUBI has been the subject of a number of other reports. Citigroup Inc. increased their price target on The Rubicon Project from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Jefferies Group restated a “buy” rating and issued a $14.00 price objective on shares of The Rubicon Project in a research note on Monday, August 22nd. TheStreet downgraded The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Albert Fried & Company assumed coverage on The Rubicon Project in a research note on Friday, September 30th. They issued a “market perform” rating and a $10.00 price objective for the company. Finally, Cantor Fitzgerald restated a “hold” rating on shares of The Rubicon Project in a research note on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.65.
Shares of The Rubicon Project (NYSE:RUBI) opened at 8.46 on Tuesday. The firm’s 50-day moving average is $8.65 and its 200 day moving average is $13.50. The Rubicon Project has a one year low of $8.04 and a one year high of $20.37. The firm has a market capitalization of $413.86 million, a P/E ratio of 24.24 and a beta of 1.54.
The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business earned $65.10 million during the quarter, compared to analyst estimates of $63.76 million. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The Rubicon Project’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Equities research analysts predict that The Rubicon Project will post $0.88 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of RUBI. Advisor Group Inc. acquired a new stake in shares of The Rubicon Project during the second quarter worth about $129,000. BlackRock Inc. increased its stake in shares of 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 during the period. Paloma Partners Management Co acquired a new stake in shares of The Rubicon Project during the second quarter worth about $146,000. Quantbot Technologies LP increased its stake in shares of 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 during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of The Rubicon Project during the second quarter worth about $183,000. Institutional investors and hedge funds own 65.09% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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