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

The Rubicon Project, Inc. (NYSE:RUBI) has earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, ten 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 covered the stock in the last year is $8.29.

A number of equities analysts recently commented on RUBI shares. B. Riley reaffirmed a “neutral” rating and set a $5.00 price target on shares of The Rubicon Project in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. TheStreet lowered shares of The Rubicon Project from a “c” rating to a “d” rating in a research report on Monday, April 17th. BidaskClub lowered shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 price target on shares of The Rubicon Project in a research report on Monday, June 5th.

Several large investors have recently made changes to their positions in the stock. Oxford Asset Management raised its stake in shares of The Rubicon Project by 214.3% in the first quarter. Oxford Asset Management now owns 505,710 shares of the software maker’s stock valued at $2,979,000 after buying an additional 344,820 shares during the period. Schroder Investment Management Group bought a new stake in shares of The Rubicon Project during the first quarter valued at about $355,000. Dimensional Fund Advisors LP raised its stake in shares of The Rubicon Project by 32.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 460,659 shares of the software maker’s stock valued at $3,418,000 after buying an additional 112,352 shares during the period. Bank of New York Mellon Corp raised its stake 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 period. Finally, Swiss National Bank raised its stake 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 period. 63.19% of the stock is currently owned by institutional investors.

Shares of The Rubicon Project (NYSE:RUBI) opened at 3.78 on Monday. The Rubicon Project has a 52 week low of $3.65 and a 52 week high of $9.80. The stock’s 50 day moving average price is $4.88 and its 200 day moving average price is $6.10. The firm’s market capitalization is $185.40 million.

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 company had revenue of $42.90 million for the quarter, compared to analyst estimates of $47.98 million. The Rubicon Project had a negative return on equity of 1.15% and a negative net margin of 20.28%. The business’s quarterly revenue was down 34.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. On average, analysts predict that The Rubicon Project will post ($0.46) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.com-unik.info/2017/08/12/the-rubicon-project-inc-nyserubi-receives-average-recommendation-of-hold-from-brokerages-updated-updated-updated.html.

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)

What are top analysts saying about The Rubicon Project Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The Rubicon Project Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit