Credit Suisse AG Trims Holdings in The Rubicon Project, Inc. (RUBI)

Credit Suisse AG trimmed its holdings in shares of The Rubicon Project, Inc. (NYSE:RUBI) by 41.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,138 shares of the software maker’s stock after selling 17,024 shares during the quarter. Credit Suisse AG’s holdings in The Rubicon Project were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RUBI. UBS Asset Management Americas Inc. grew its holdings in The Rubicon Project by 9.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 15,000 shares of the software maker’s stock worth $111,000 after acquiring an additional 1,300 shares during the last quarter. Nationwide Fund Advisors grew its holdings in The Rubicon Project by 113.1% during the 1st quarter. Nationwide Fund Advisors now owns 180,327 shares of the software maker’s stock worth $1,062,000 after acquiring an additional 95,708 shares during the last quarter. Acadian Asset Management LLC grew its holdings in The Rubicon Project by 180.3% during the 1st quarter. Acadian Asset Management LLC now owns 293,398 shares of the software maker’s stock worth $1,728,000 after acquiring an additional 188,731 shares during the last quarter. LSV Asset Management grew its holdings in The Rubicon Project by 59.9% during the 1st quarter. LSV Asset Management now owns 735,924 shares of the software maker’s stock worth $4,334,000 after acquiring an additional 275,724 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in The Rubicon Project by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 195,044 shares of the software maker’s stock worth $1,149,000 after acquiring an additional 6,413 shares during the last quarter. 62.56% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. BidaskClub lowered shares of The Rubicon Project from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. B. Riley reissued a “neutral” rating and set a $5.00 target price on shares of The Rubicon Project in a report on Wednesday. ValuEngine lowered shares of The Rubicon Project from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a report on Thursday, August 24th. Finally, Zacks Investment Research raised shares of The Rubicon Project from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Thursday, July 13th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.79.

The Rubicon Project, Inc. (NYSE RUBI) traded down 2.21% during midday trading on Friday, hitting $3.98. 237,136 shares of the stock were exchanged. The stock’s market cap is $195.21 million. The company’s 50 day moving average is $4.11 and its 200-day moving average is $5.48. The Rubicon Project, Inc. has a 1-year low of $3.38 and a 1-year high of $9.16.

The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.06. The business had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $47.98 million. The Rubicon Project had a negative return on equity of 1.15% and a negative net margin of 20.28%. The company’s revenue was down 34.1% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. On average, analysts expect that The Rubicon Project, Inc. will post ($0.49) earnings per share for the current year.

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The Rubicon Project Company Profile

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for 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 and real-time bidding (RTB), and 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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Institutional Ownership by Quarter for The Rubicon Project (NYSE:RUBI)

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