Shares of The Rubicon Project, Inc. (NYSE:RUBI) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.29.

Several equities research analysts have recently commented on RUBI shares. TheStreet cut shares of The Rubicon Project from a “c” rating to a “d” rating in a research report on Monday, April 17th. Jefferies Group LLC reissued a “hold” rating and set a $7.25 price target on shares of The Rubicon Project in a research report on Monday, May 8th. Zacks Investment Research cut shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

A number of hedge funds and other institutional investors have recently modified their holdings of RUBI. Norges Bank purchased a new position in shares of The Rubicon Project during the fourth quarter valued at about $7,260,000. Dimensional Fund Advisors LP boosted its position in shares of The Rubicon Project by 83.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock valued at $9,596,000 after buying an additional 846,857 shares during the period. Divisar Capital Management LLC boosted its position in shares of The Rubicon Project by 82.4% in the first quarter. Divisar Capital Management LLC now owns 1,787,488 shares of the software maker’s stock valued at $10,528,000 after buying an additional 807,583 shares during the period. potrero capital research llc boosted its position in shares of The Rubicon Project by 2,281.1% in the first quarter. potrero capital research llc now owns 470,862 shares of the software maker’s stock valued at $2,773,000 after buying an additional 451,087 shares during the period. Finally, Bogle Investment Management L P DE boosted its position in shares of The Rubicon Project by 128.6% in the first quarter. Bogle Investment Management L P DE now owns 747,108 shares of the software maker’s stock valued at $4,400,000 after buying an additional 420,258 shares during the period. 63.19% of the stock is owned by institutional investors and hedge funds.

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Shares of The Rubicon Project (RUBI) traded down 1.31% during mid-day trading on Friday, hitting $3.78. 677,396 shares of the company traded hands. The stock’s market capitalization is $185.40 million. The Rubicon Project has a 1-year low of $3.65 and a 1-year high of $9.80. The firm’s 50 day moving average price is $4.93 and its 200-day moving average price is $6.14.

The Rubicon Project (NYSE:RUBI) last posted its earnings results on Tuesday, August 1st. The software maker reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The Rubicon Project had a negative return on equity of 1.15% and a negative net margin of 20.28%. The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $47.98 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was down 34.1% on a year-over-year basis. On average, equities research analysts forecast that The Rubicon Project will post ($0.46) EPS for the current year.

About The Rubicon Project

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.

Analyst Recommendations for The Rubicon Project (NYSE:RUBI)

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