The Rubicon Project Inc (NYSE:RUBI)’s share price hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $4.25 and last traded at $3.98, with a volume of 23943 shares changing hands. The stock had previously closed at $3.48.
The software maker reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.05. The Rubicon Project had a negative net margin of 144.16% and a negative return on equity of 42.04%. The firm had revenue of $29.73 million during the quarter, compared to analysts’ expectations of $28.93 million.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised The Rubicon Project from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. SunTrust Banks set a $5.00 price objective on The Rubicon Project and gave the company a “buy” rating in a research note on Thursday. Finally, Craig Hallum reaffirmed a “buy” rating on shares of The Rubicon Project in a research note on Friday, October 12th.
The stock has a market cap of $176.61 million, a price-to-earnings ratio of -3.93 and a beta of 1.24.
The Rubicon Project Company Profile (NYSE:RUBI)
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.
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