Shares of The Rubicon Project Inc. (NYSE:RUBI) have been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.55.
RUBI has been the topic of several analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of The Rubicon Project in a research note on Wednesday, June 29th. Zacks Investment Research upgraded The Rubicon Project from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, June 29th. Needham & Company LLC restated a “buy” rating on shares of The Rubicon Project in a research note on Monday, June 27th. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of The Rubicon Project in a research report on Wednesday, June 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of The Rubicon Project in a research report on Saturday, June 4th.
The Rubicon Project (NYSE:RUBI) traded up 2.99% during midday trading on Wednesday, reaching $8.60. 191,809 shares of the company were exchanged. The firm has a market capitalization of $420.71 million, a PE ratio of 24.64 and a beta of 1.54. The Rubicon Project has a 52 week low of $8.04 and a 52 week high of $20.37. The company has a 50-day moving average of $9.14 and a 200 day moving average of $14.16.
The Rubicon Project (NYSE:RUBI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $65.10 million for the quarter, compared to analyst estimates of $63.76 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. Equities 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 bought and sold shares of RUBI. Fox Run Management L.L.C. purchased a new position in The Rubicon Project during the second quarter valued at approximately $321,000. Gradient Investments LLC bought a new stake in shares of The Rubicon Project during the second quarter valued at about $280,000. Quotient Investors LLC bought a new stake in shares of The Rubicon Project during the second quarter valued at about $186,000. Royal Bank of Canada boosted its stake in shares of The Rubicon Project by 249.0% in the first quarter. Royal Bank of Canada now owns 118,696 shares of the company’s stock valued at $2,169,000 after buying an additional 84,690 shares during the last quarter. Finally, Friess Associates LLC bought a new stake in shares of The Rubicon Project during the first quarter valued at about $640,000. 65.09% of the stock is owned by hedge funds and other institutional investors.
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.
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