The Rubicon Project Inc. (NYSE:RUBI) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The firm currently has a $9.25 price objective on the stock. Vetr‘s target price would suggest a potential upside of 12.26% from the stock’s current price.
RUBI has been the subject of a number of other reports. Citigroup Inc. upped their price objective on The Rubicon Project from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. Jefferies Group restated a “buy” rating and set a $14.00 price objective on shares of The Rubicon Project in a research note on Monday, August 22nd. TheStreet cut The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Albert Fried & Company began coverage on The Rubicon Project in a research note on Friday, September 30th. They issued a “market perform” rating and a $10.00 price target for the company. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of The Rubicon Project in a research note on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Rubicon Project has an average rating of “Hold” and a consensus target price of $15.65.
The Rubicon Project (NYSE:RUBI) opened at 8.24 on Monday. The Rubicon Project has a 52 week low of $8.04 and a 52 week high of $20.37. The company has a 50-day moving average of $8.60 and a 200 day moving average of $13.40. The firm has a market cap of $403.10 million, a P/E ratio of 23.61 and a beta of 1.54.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The firm earned $65.10 million during the quarter, compared to the consensus estimate of $63.76 million. The Rubicon Project had a return on equity of 13.18% and a net margin of 6.15%. The firm’s revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. On average, equities analysts predict that The Rubicon Project will post $0.88 earnings per share for the current year.
A number of large investors have recently made changes to their positions in RUBI. Fox Run Management L.L.C. acquired a new stake in shares of The Rubicon Project during the second quarter valued at about $321,000. Nordea Investment Management AB acquired a new stake in shares of The Rubicon Project during the second quarter valued at about $587,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of The Rubicon Project during the second quarter valued at about $538,000. LSV Asset Management acquired a new stake in shares of The Rubicon Project during the second quarter valued at about $3,920,000. Finally, Oxford Asset Management increased its stake in shares of The Rubicon Project by 53.4% in the second quarter. Oxford Asset Management now owns 135,249 shares of the company’s stock valued at $1,846,000 after buying an additional 47,106 shares in the last quarter. 65.09% of the stock is owned by hedge funds and other institutional investors.
About The Rubicon Project
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.
To view Vetr’s full report, visit Vetr’s official website.
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