Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of The Rubicon Project Inc. (NYSE:RUBI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,765 shares of the company’s stock, valued at approximately $420,000. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of The Rubicon Project as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in RUBI. Swiss National Bank raised its position in The Rubicon Project by 8.9% in the second quarter. Swiss National Bank now owns 51,400 shares of the company’s stock worth $702,000 after buying an additional 4,200 shares during the period. Quantbot Technologies LP raised its position in The Rubicon Project by 826.4% in the second quarter. Quantbot Technologies LP now owns 11,654 shares of the company’s stock worth $159,000 after buying an additional 10,396 shares during the period. State Street Corp raised its position in The Rubicon Project by 2.6% in the first quarter. State Street Corp now owns 416,196 shares of the company’s stock worth $7,609,000 after buying an additional 10,448 shares during the period. Mutual of America Capital Management LLC raised its position in The Rubicon Project by 16.8% in the second quarter. Mutual of America Capital Management LLC now owns 81,991 shares of the company’s stock worth $1,119,000 after buying an additional 11,800 shares during the period. Finally, Quotient Investors LLC purchased a new position in The Rubicon Project during the second quarter worth $186,000. 65.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Rubicon Project Inc. (NYSE:RUBI) traded down 0.12% on Friday, reaching $8.50. 696,143 shares of the company traded hands. The company has a market capitalization of $415.82 million, a PE ratio of 24.36 and a beta of 1.54. The Rubicon Project Inc. has a 52-week low of $8.04 and a 52-week high of $20.37. The firm has a 50-day moving average of $8.93 and a 200-day moving average of $14.01.
The Rubicon Project (NYSE:RUBI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business earned $65.10 million during the quarter, compared to the consensus estimate of $63.76 million. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The firm’s revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that The Rubicon Project Inc. will post $0.88 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of The Rubicon Project in a research report on Saturday, July 9th. B. Riley restated a “buy” rating and set a $26.00 target price on shares of The Rubicon Project in a research report on Tuesday, July 26th. Finally, Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.41.
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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