The Rubicon Project Inc (NYSE:RUBI) has been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.00.
A number of equities research analysts recently commented on RUBI shares. SunTrust Banks raised The Rubicon Project from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. ValuEngine downgraded The Rubicon Project from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd.
Several institutional investors have recently added to or reduced their stakes in RUBI. Royce & Associates LP lifted its holdings in The Rubicon Project by 89.4% in the fourth quarter. Royce & Associates LP now owns 444,817 shares of the software maker’s stock valued at $832,000 after acquiring an additional 210,000 shares during the period. Spark Investment Management LLC lifted its holdings in The Rubicon Project by 112.3% in the fourth quarter. Spark Investment Management LLC now owns 380,300 shares of the software maker’s stock valued at $711,000 after acquiring an additional 201,200 shares during the period. Roumell Asset Management LLC lifted its holdings in The Rubicon Project by 66.9% in the fourth quarter. Roumell Asset Management LLC now owns 1,119,100 shares of the software maker’s stock valued at $2,093,000 after acquiring an additional 448,535 shares during the period. Renaissance Technologies LLC lifted its holdings in The Rubicon Project by 95.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,712,300 shares of the software maker’s stock valued at $3,202,000 after acquiring an additional 836,524 shares during the period. Finally, Caption Management LLC acquired a new position in The Rubicon Project in the fourth quarter valued at approximately $1,231,000. 57.16% of the stock is owned by hedge funds and other institutional investors.
Shares of RUBI stock traded up $0.02 during trading hours on Thursday, reaching $2.43. 293,127 shares of the company’s stock were exchanged, compared to its average volume of 617,758. The Rubicon Project has a 1 year low of $1.48 and a 1 year high of $5.79. The firm has a market capitalization of $119.19 million, a price-to-earnings ratio of -2.19 and a beta of 1.15.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings results on Wednesday, March 14th. The software maker reported ($0.37) earnings per share for the quarter. The Rubicon Project had a negative return on equity of 31.99% and a negative net margin of 124.07%. The business had revenue of $31.41 million for the quarter, compared to analysts’ expectations of $29.53 million. equities analysts expect that The Rubicon Project will post -1.09 earnings per share for the current year.
About The Rubicon Project
The Rubicon Project, Inc provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.
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