The Rubicon Project, Inc. (RUBI) Given Average Recommendation of “Hold” by Brokerages

Shares of The Rubicon Project, Inc. (NYSE:RUBI) have received a consensus rating of “Hold” from the fifteen brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.04.

A number of research firms recently issued reports on RUBI. B. Riley reaffirmed a “neutral” rating and issued a $5.00 target price on shares of The Rubicon Project in a research note on Monday, August 7th. BidaskClub lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of The Rubicon Project in a research note on Thursday, August 24th. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 target price on shares of The Rubicon Project in a research note on Monday, June 5th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in The Rubicon Project in the 2nd quarter valued at $445,000. Public Employees Retirement System of Ohio raised its holdings in The Rubicon Project by 633.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 88,122 shares of the software maker’s stock valued at $453,000 after acquiring an additional 76,104 shares during the last quarter. California State Teachers Retirement System raised its holdings in The Rubicon Project by 5.1% in the 2nd quarter. California State Teachers Retirement System now owns 78,664 shares of the software maker’s stock valued at $404,000 after acquiring an additional 3,800 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in The Rubicon Project by 20.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,052 shares of the software maker’s stock valued at $191,000 after acquiring an additional 6,178 shares during the last quarter. Finally, State Street Corp raised its holdings in The Rubicon Project by 10.2% in the 2nd quarter. State Street Corp now owns 910,293 shares of the software maker’s stock valued at $4,681,000 after acquiring an additional 84,345 shares during the last quarter. Institutional investors own 62.56% of the company’s stock.

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The Rubicon Project (NYSE:RUBI) traded down 2.21% during midday trading on Tuesday, hitting $3.98. The company had a trading volume of 237,136 shares. The Rubicon Project has a 52-week low of $3.38 and a 52-week high of $9.16. The stock’s market cap is $198.29 million. The stock’s 50-day moving average price is $4.11 and its 200-day moving average price is $5.48.

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

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.

Analyst Recommendations for The Rubicon Project (NYSE:RUBI)

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