Swiss National Bank boosted its stake in shares of The Rubicon Project, Inc. (NYSE:RUBI) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,400 shares of the software maker’s stock after buying an additional 5,000 shares during the period. Swiss National Bank owned about 0.12% of The Rubicon Project worth $332,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of RUBI. Russell Investments Group Ltd. bought a new stake in The Rubicon Project during the fourth quarter valued at about $230,000. Dimensional Fund Advisors LP increased its stake in The Rubicon Project by 32.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 460,659 shares of the software maker’s stock valued at $3,418,000 after buying an additional 112,352 shares during the last quarter. Norges Bank bought a new stake in The Rubicon Project during the fourth quarter valued at about $7,260,000. UBS Asset Management Americas Inc. increased its stake in The Rubicon Project by 9.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 15,000 shares of the software maker’s stock valued at $111,000 after buying an additional 1,300 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in The Rubicon Project by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 623,206 shares of the software maker’s stock valued at $4,624,000 after buying an additional 39,579 shares during the period. 61.74% of the stock is owned by institutional investors and hedge funds.
The Rubicon Project, Inc. (NYSE:RUBI) traded down 3.18% on Wednesday, reaching $3.65. The company’s stock had a trading volume of 526,454 shares. The company’s market cap is $179.03 million. The firm’s 50-day moving average price is $4.77 and its 200 day moving average price is $6.00. The Rubicon Project, Inc. has a 52-week low of $3.64 and a 52-week high of $9.35.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Tuesday, August 1st. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.06. The Rubicon Project had a negative net margin of 20.28% and a negative return on equity of 1.15%. The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $47.98 million. During the same period in the previous year, the firm earned $0.17 EPS. The company’s revenue was down 34.1% on a year-over-year basis. Equities analysts anticipate that The Rubicon Project, Inc. will post ($0.46) EPS for the current fiscal year.
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RUBI has been the subject of several recent research reports. B. Riley reaffirmed a “neutral” rating and set a $5.00 target price on shares of The Rubicon Project in a research report on Monday, August 7th. BidaskClub lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $6.00 target price on shares of The Rubicon Project in a research note on Monday, June 5th. Finally, ValuEngine lowered The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The Rubicon Project currently has an average rating of “Hold” and a consensus price target of $8.04.
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.
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