Swiss National Bank Has $702,000 Position in The Rubicon Project Inc. (RUBI)
Swiss National Bank increased its stake in shares of The Rubicon Project Inc. (NYSE:RUBI) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,400 shares of the company’s stock after buying an additional 4,200 shares during the period. Swiss National Bank owned 0.11% of The Rubicon Project worth $702,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. 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 valued at $159,000 after buying an additional 10,396 shares during the last quarter. Quotient Investors LLC acquired a new stake in shares of The Rubicon Project during the second quarter worth about $186,000. Pacad Investment Ltd. acquired a new stake in shares of The Rubicon Project during the first quarter worth about $296,000. Algert Global LLC acquired a new stake in shares of The Rubicon Project during the first quarter worth about $320,000. Finally, Gradient Investments LLC acquired a new stake in shares of The Rubicon Project during the second quarter worth about $280,000. 65.09% of the stock is owned by institutional investors and hedge funds.
The Rubicon Project Inc. (NYSE:RUBI) traded down 3.9329% during mid-day trading on Tuesday, hitting $8.1657. The stock had a trading volume of 177,137 shares. The stock has a market cap of $399.47 million, a P/E ratio of 23.3974 and a beta of 1.54. The Rubicon Project Inc. has a 52-week low of $8.04 and a 52-week high of $20.37. The firm has a 50-day moving average of $8.58 and a 200-day moving average of $13.28.
The Rubicon Project (NYSE:RUBI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.17 EPS 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 firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. On average, analysts forecast that The Rubicon Project Inc. will post $0.88 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on RUBI shares. Citigroup Inc. raised their price target on The Rubicon Project from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note 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 note on Monday, August 22nd. TheStreet lowered The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Albert Fried & Company started coverage on The Rubicon Project in a research note on Friday, September 30th. They set a “market perform” rating and a $10.00 price target for the company. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of The Rubicon Project in a research note on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The Rubicon Project presently has a consensus rating of “Hold” and an average target price of $15.65.
About The Rubicon Project
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.
Want to see what other hedge funds are holding RUBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Rubicon Project Inc. (NYSE:RUBI).
Receive News & Ratings for The Rubicon Project Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Rubicon Project Inc. and related companies with MarketBeat.com's FREE daily email newsletter.