Vetr cut shares of The Rubicon Project Inc. (NYSE:RUBI) from a strong-buy rating to a buy rating in a report issued on Tuesday. The firm currently has $9.25 target price on the stock.
A number of other equities analysts have also recently issued reports on RUBI. B. Riley restated a buy rating and set a $26.00 target price on shares of The Rubicon Project in a report on Friday, June 17th. Needham & Company LLC restated a buy rating on shares of The Rubicon Project in a report on Monday, June 27th. Zacks Investment Research upgraded The Rubicon Project from a hold rating to a buy rating and set a $14.00 target price on the stock in a report on Wednesday, June 29th. Citigroup Inc. restated a buy rating on shares of The Rubicon Project in a report on Wednesday, June 29th. Finally, Cantor Fitzgerald restated a buy rating on shares of The Rubicon Project in a report on Saturday, July 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The Rubicon Project presently has an average rating of Hold and an average price target of $15.65.
Shares of The Rubicon Project (NYSE:RUBI) opened at 8.45 on Tuesday. The Rubicon Project has a 52 week low of $8.04 and a 52 week high of $20.37. The company’s 50-day moving average is $8.67 and its 200-day moving average is $13.54. The firm has a market cap of $413.37 million, a PE ratio of 24.21 and a beta of 1.54.
The Rubicon Project (NYSE:RUBI) last issued its earnings results on Tuesday, August 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The firm had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $63.76 million. During the same quarter last year, the business earned $0.06 earnings per share. The company’s revenue was up 34.1% compared to the same quarter last year. Analysts forecast that The Rubicon Project will post $0.88 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in The Rubicon Project during the second quarter valued at $1,494,000. Public Employees Retirement System of Ohio raised its position in The Rubicon Project by 34.1% in the second quarter. Public Employees Retirement System of Ohio now owns 360,400 shares of the company’s stock valued at $4,919,000 after buying an additional 91,700 shares during the period. Schwab Charles Investment Management Inc. raised its position in The Rubicon Project by 23.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,357 shares of the company’s stock valued at $1,179,000 after buying an additional 16,224 shares during the period. American Century Companies Inc. bought a new position in The Rubicon Project during the second quarter valued at $1,470,000. Finally, Numeric Investors LLC bought a new position in The Rubicon Project during the second quarter valued at $9,266,000. 65.09% of the stock is currently owned by institutional investors and hedge funds.
The Rubicon Project Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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