The Rubicon Project Inc (RUBI) Price Target Cut to $7.00

The Rubicon Project Inc (NYSE:RUBI) had its target price trimmed by Royal Bank of Canada from $12.00 to $7.00 in a research report report published on Wednesday morning. The firm currently has a sector perform rating on the stock.

Several other analysts also recently commented on the stock. B. Riley downgraded shares of The Rubicon Project from a buy rating to a neutral rating and set a $7.50 price objective for the company. in a research report on Wednesday, March 15th. TheStreet raised shares of The Rubicon Project from a d rating to a c rating in a research report on Friday, March 3rd. Needham & Company LLC reaffirmed a hold rating on shares of The Rubicon Project in a research report on Thursday, January 19th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $8.00 price objective on shares of The Rubicon Project in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $10.80.

Analyst Recommendations for The Rubicon Project (NYSE:RUBI)

Shares of The Rubicon Project (NYSE:RUBI) opened at 5.57 on Wednesday. The stock has a 50 day moving average price of $8.25 and a 200-day moving average price of $8.08. The stock’s market cap is $267.64 million. The Rubicon Project has a 52 week low of $5.51 and a 52 week high of $20.37.

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Hedge funds have recently bought and sold shares of the stock. Lucus Advisors LLC acquired a new stake in The Rubicon Project during the third quarter valued at about $392,000. Alps Advisors Inc. increased its stake in The Rubicon Project by 102.9% in the third quarter. Alps Advisors Inc. now owns 49,624 shares of the company’s stock valued at $411,000 after buying an additional 25,163 shares during the last quarter. Nordea Investment Management AB increased its stake in The Rubicon Project by 206.2% in the third quarter. Nordea Investment Management AB now owns 131,745 shares of the company’s stock valued at $1,091,000 after buying an additional 88,721 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in The Rubicon Project by 56.3% in the third quarter. Virginia Retirement Systems ET AL now owns 27,500 shares of the company’s stock valued at $228,000 after buying an additional 9,900 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in The Rubicon Project during the third quarter valued at about $9,632,000. 59.20% of the stock is 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.

5 Day Chart for NYSE:RUBI

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