Wells Fargo & Company MN raised its stake in The Rubicon Project, Inc. (NYSE:RUBI) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,922 shares of the software maker’s stock after acquiring an additional 2,103 shares during the period. Wells Fargo & Company MN owned 0.06% of The Rubicon Project worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RUBI. American International Group Inc. raised its holdings in shares of 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 valued at $135,000 after buying an additional 1,509 shares during the last quarter. Teton Advisors Inc. raised its holdings in shares of The Rubicon Project by 94.2% in the second quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock valued at $121,000 after buying an additional 11,400 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of The Rubicon Project in the second quarter valued at about $143,000. Airain ltd purchased a new stake in shares of The Rubicon Project in the second quarter valued at about $204,000. Finally, Trexquant Investment LP purchased a new stake in shares of The Rubicon Project in the second quarter valued at about $240,000. Institutional investors own 63.22% of the company’s stock.
A number of equities research analysts have recently commented on RUBI shares. B. Riley reaffirmed a “hold” rating and issued a $3.00 target price on shares of The Rubicon Project in a report on Friday, November 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of The Rubicon Project in a report on Thursday, August 24th. Citigroup Inc. reduced their target price on shares of The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. 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 analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.61.
The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $39.38 million. The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The company’s revenue for the quarter was down 41.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. sell-side analysts anticipate that The Rubicon Project, Inc. will post -2.58 EPS for the current fiscal year.
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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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