The Rubicon Project (RUBI) Receives Buy Rating from Craig Hallum

Share on StockTwits

Craig Hallum reiterated their buy rating on shares of The Rubicon Project (NYSE:RUBI) in a research report report published on Friday morning.

Other analysts have also recently issued reports about the company. SunTrust Banks restated a buy rating and set a $4.00 price target on shares of The Rubicon Project in a report on Thursday, August 2nd. Zacks Investment Research upgraded The Rubicon Project from a sell rating to a hold rating in a report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The Rubicon Project presently has a consensus rating of Hold and a consensus price target of $3.33.

The Rubicon Project stock traded up $0.25 during midday trading on Friday, reaching $3.31. The company’s stock had a trading volume of 448,853 shares, compared to its average volume of 545,823. The Rubicon Project has a 52 week low of $1.48 and a 52 week high of $4.20. The stock has a market cap of $182.70 million, a PE ratio of -2.98 and a beta of 1.35.

The Rubicon Project (NYSE:RUBI) last released its earnings results on Wednesday, August 1st. The software maker reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.06. The firm had revenue of $28.65 million for the quarter, compared to analysts’ expectations of $27.86 million. The Rubicon Project had a negative return on equity of 42.04% and a negative net margin of 144.16%. Research analysts forecast that The Rubicon Project will post -1.21 earnings per share for the current year.

In other news, insider Michael G. Barrett purchased 100,000 shares of The Rubicon Project stock in a transaction dated Tuesday, August 7th. The shares were bought at an average cost of $3.42 per share, for a total transaction of $342,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC boosted its holdings in The Rubicon Project by 29.0% in the second quarter. Essex Investment Management Co. LLC now owns 90,622 shares of the software maker’s stock valued at $258,000 after acquiring an additional 20,382 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in The Rubicon Project by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,168,686 shares of the software maker’s stock valued at $3,904,000 after acquiring an additional 33,327 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in The Rubicon Project by 170.6% in the second quarter. Cubist Systematic Strategies LLC now owns 64,046 shares of the software maker’s stock valued at $183,000 after acquiring an additional 40,374 shares during the last quarter. Bank of America Corp DE boosted its holdings in The Rubicon Project by 315.4% in the second quarter. Bank of America Corp DE now owns 69,745 shares of the software maker’s stock valued at $198,000 after acquiring an additional 52,955 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in The Rubicon Project by 53.6% in the second quarter. Macquarie Group Ltd. now owns 153,000 shares of the software maker’s stock valued at $436,000 after acquiring an additional 53,400 shares during the last quarter. Institutional investors and hedge funds own 57.21% of the company’s stock.

The Rubicon Project Company Profile

The Rubicon Project, Inc provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

See Also: What is a stock buyback?

Analyst Recommendations for The Rubicon Project (NYSE:RUBI)

Receive News & Ratings for The Rubicon Project Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Rubicon Project and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply