Teachers Advisors LLC grew its holdings in The Rubicon Project, Inc. (NYSE:RUBI) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,782 shares of the software maker’s stock after purchasing an additional 4,567 shares during the quarter. Teachers Advisors LLC owned 0.15% of The Rubicon Project worth $374,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of RUBI. American International Group Inc. lifted its stake in The Rubicon Project by 7.0% in the first quarter. American International Group Inc. now owns 22,916 shares of the software maker’s stock worth $135,000 after acquiring an additional 1,509 shares during the last quarter. Teton Advisors Inc. lifted its stake in The Rubicon Project by 94.2% in the second quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock worth $121,000 after acquiring an additional 11,400 shares during the last quarter. SG Americas Securities LLC purchased a new position in The Rubicon Project in the second quarter worth approximately $143,000. Wells Fargo & Company MN lifted its stake in The Rubicon Project by 7.3% in the second quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock worth $158,000 after acquiring an additional 2,103 shares during the last quarter. Finally, Airain ltd purchased a new position in The Rubicon Project in the second quarter worth approximately $204,000. 62.26% of the stock is owned by institutional investors and hedge funds.
The Rubicon Project, Inc. (NYSE RUBI) opened at $1.89 on Thursday. The Rubicon Project, Inc. has a 1-year low of $1.81 and a 1-year high of $9.16.
The Rubicon Project (NYSE:RUBI) last announced its earnings results on Thursday, November 2nd. The software maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The business had revenue of $35.20 million during the quarter, compared to analyst estimates of $39.38 million. The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The business’s revenue was down 41.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. equities analysts forecast that The Rubicon Project, Inc. will post -2.58 earnings per share for the current fiscal year.
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A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of The Rubicon Project from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. BidaskClub cut shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. B. Riley reissued a “neutral” rating and set a $5.00 price objective on shares of The Rubicon Project in a report on Wednesday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a report on Thursday, August 24th. Finally, ValuEngine cut shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.61.
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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