The Rubicon Project, Inc. (NYSE:RUBI) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Rubicon Project, Inc. (NYSE:RUBI) have received a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.76.

Several equities analysts have commented on the stock. B. Riley reissued a “neutral” rating and set a $5.50 target price on shares of The Rubicon Project in a research note on Thursday, May 4th. BidaskClub cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research cut shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank Of Canada reissued a “hold” rating and set a $6.00 target price on shares of The Rubicon Project in a research note on Monday, June 5th. Finally, ValuEngine cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.

The Rubicon Project (NYSE RUBI) traded down 0.79% during mid-day trading on Monday, reaching $5.03. 420,835 shares of the company were exchanged. The Rubicon Project has a 12 month low of $4.61 and a 12 month high of $14.60. The stock’s market capitalization is $243.63 million. The company’s 50 day moving average price is $5.33 and its 200-day moving average price is $6.76.

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Several institutional investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in shares of The Rubicon Project by 9.7% in the first quarter. Swiss National Bank now owns 56,400 shares of the software maker’s stock valued at $332,000 after buying an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of The Rubicon Project by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 195,044 shares of the software maker’s stock valued at $1,149,000 after buying an additional 6,413 shares during the last quarter. LSV Asset Management boosted its position in shares of The Rubicon Project by 59.9% in the first quarter. LSV Asset Management now owns 735,924 shares of the software maker’s stock valued at $4,334,000 after buying an additional 275,724 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of The Rubicon Project by 21.8% in the first quarter. Prescott Group Capital Management L.L.C. now owns 828,256 shares of the software maker’s stock valued at $4,878,000 after buying an additional 148,247 shares during the last quarter. Finally, Stoneridge Investment Partners LLC boosted its position in shares of The Rubicon Project by 8.2% in the first quarter. Stoneridge Investment Partners LLC now owns 46,590 shares of the software maker’s stock valued at $274,000 after buying an additional 3,530 shares during the last quarter. Institutional investors own 64.13% of the company’s stock.

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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