B. Riley Reiterates “Buy” Rating for The Rubicon Project (NYSE:RUBI)

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B. Riley reiterated their buy rating on shares of The Rubicon Project (NYSE:RUBI) in a research report released on Friday, TipRanks reports. The brokerage currently has a $9.50 price objective on the software maker’s stock.

Other analysts have also issued reports about the company. SunTrust Banks decreased their target price on The Rubicon Project from $10.00 to $7.00 and set a buy rating for the company in a research report on Friday, April 3rd. Craig Hallum decreased their price objective on The Rubicon Project from $14.00 to $9.00 and set a buy rating for the company in a report on Thursday, April 2nd. ValuEngine cut The Rubicon Project from a buy rating to a hold rating in a report on Monday, June 1st. Finally, Zacks Investment Research upgraded shares of The Rubicon Project from a hold rating to a buy rating and set a $8.25 price target for the company in a research note on Friday, June 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The Rubicon Project presently has an average rating of Buy and an average price target of $9.15.

NYSE:RUBI opened at $6.63 on Friday. The company has a market cap of $664.11 million, a PE ratio of -15.42 and a beta of 1.64. The firm’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $7.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.17 and a quick ratio of 1.17. The Rubicon Project has a one year low of $4.09 and a one year high of $13.11.

The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.08. The Rubicon Project had a negative return on equity of 14.34% and a negative net margin of 14.10%. The firm had revenue of $36.30 million during the quarter, compared to analyst estimates of $35.22 million. Equities research analysts expect that The Rubicon Project will post -0.48 EPS for the current year.

In other news, insider Adam Lee Soroca sold 8,317 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.43, for a total value of $45,161.31. Following the completion of the sale, the insider now owns 435,983 shares in the company, valued at $2,367,387.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael G. Barrett sold 41,409 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.43, for a total transaction of $224,850.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,022 shares of company stock valued at $1,633,886. Company insiders own 5.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can purchased a new stake in shares of The Rubicon Project during the 4th quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in The Rubicon Project during the fourth quarter valued at about $27,000. Quantbot Technologies LP grew its position in The Rubicon Project by 216.0% during the fourth quarter. Quantbot Technologies LP now owns 3,571 shares of the software maker’s stock valued at $29,000 after buying an additional 2,441 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in The Rubicon Project during the first quarter worth about $39,000. Finally, Ameritas Investment Partners Inc. raised its position in The Rubicon Project by 94.9% in the first quarter. Ameritas Investment Partners Inc. now owns 8,240 shares of the software maker’s stock worth $46,000 after acquiring an additional 4,012 shares during the period. 40.73% of the stock is currently owned by institutional investors and hedge funds.

The Rubicon Project Company Profile

The Rubicon Project, Inc, together with its subsidiaries, 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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