The Rubicon Project Inc. (NYSE:RUBI)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a report released on Tuesday. They presently have a $10.50 target price on the stock. B. Riley’s price objective would suggest a potential upside of 32.74% from the stock’s previous close.
Several other brokerages have also recently commented on RUBI. Zacks Investment Research cut shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Oppenheimer Holdings Inc. cut shares of The Rubicon Project from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 3rd. Vetr cut shares of The Rubicon Project from a “strong-buy” rating to a “buy” rating and set a $9.25 price objective for the company. in a research note on Tuesday, October 4th. Albert Fried & Company assumed coverage on shares of The Rubicon Project in a research note on Friday, September 30th. They set a “market perform” rating and a $10.00 price objective for the company. Finally, Cantor Fitzgerald restated a “hold” rating on shares of The Rubicon Project in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.98.
Shares of The Rubicon Project (NYSE:RUBI) traded down 1.25% during mid-day trading on Tuesday, hitting $7.91. 78,232 shares of the stock were exchanged. The stock’s 50-day moving average price is $7.75 and its 200-day moving average price is $10.79. The company has a market cap of $387.90 million, a P/E ratio of 17.82 and a beta of 1.57. The Rubicon Project has a 52-week low of $6.12 and a 52-week high of $20.37.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. The Rubicon Project had a net margin of 8.62% and a return on equity of 14.55%. The firm had revenue of $65.80 million for the quarter, compared to the consensus estimate of $62.94 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities research analysts anticipate that The Rubicon Project will post $0.94 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in RUBI. Credit Suisse AG raised its stake in The Rubicon Project by 8.3% in the third quarter. Credit Suisse AG now owns 90,098 shares of the company’s stock worth $746,000 after buying an additional 6,916 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of The Rubicon Project during the third quarter worth about $113,000. Highbridge Capital Management LLC raised its stake in shares of The Rubicon Project by 563.3% in the third quarter. Highbridge Capital Management LLC now owns 152,927 shares of the company’s stock worth $1,266,000 after buying an additional 129,870 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of The Rubicon Project during the third quarter worth about $211,000. Finally, HBK Investments L P raised its stake in shares of The Rubicon Project by 3.8% in the third quarter. HBK Investments L P now owns 92,500 shares of the company’s stock worth $766,000 after buying an additional 3,400 shares in the last quarter. 63.36% of the stock is owned by institutional investors and hedge funds.
About The Rubicon Project