Vetr upgraded shares of The Rubicon Project Inc. (NYSE:RUBI) from a buy rating to a strong-buy rating in a research report sent to investors on Monday. Vetr currently has $9.25 price objective on the stock.
Several other equities research analysts have also issued reports on RUBI. Albert Fried & Company assumed coverage on shares of The Rubicon Project in a research note on Friday, September 30th. They issued a market perform rating and a $10.00 price target on the stock. Citigroup Inc. lifted their price target on shares of The Rubicon Project from $17.00 to $19.00 and gave the company a neutral rating in a research note on Tuesday, September 13th. Jefferies Group reiterated a buy rating and issued a $14.00 price target on shares of The Rubicon Project in a research note on Monday, September 12th. Morgan Stanley lowered shares of The Rubicon Project from an equal weight rating to an underweight rating and set a $8.00 price target on the stock. in a research note on Monday, September 12th. Finally, Cantor Fitzgerald reiterated a hold rating on shares of The Rubicon Project in a research note on Friday, September 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The Rubicon Project currently has an average rating of Hold and a consensus target price of $15.65.
Shares of The Rubicon Project (NYSE:RUBI) opened at 8.09 on Monday. The company has a market cap of $395.76 million, a PE ratio of 23.18 and a beta of 1.54. The company has a 50 day moving average of $8.51 and a 200 day moving average of $13.17. The Rubicon Project has a 1-year low of $8.01 and a 1-year high of $20.37.
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 analysts’ consensus estimates of $0.10 by $0.07. The Rubicon Project had a net margin of 6.15% and a return on equity of 13.18%. The business had revenue of $65.10 million for the quarter, compared to analyst estimates of $63.76 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. Equities analysts expect that The Rubicon Project will post $0.88 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of RUBI. Primecap Management Co. CA increased its stake in The Rubicon Project by 0.8% in the second quarter. Primecap Management Co. CA now owns 4,357,800 shares of the company’s stock worth $59,484,000 after buying an additional 36,500 shares in the last quarter. Bank of Montreal Can acquired a new stake in The Rubicon Project during the second quarter worth about $19,748,000. Vanguard Group Inc. increased its stake in The Rubicon Project by 17.0% in the second quarter. Vanguard Group Inc. now owns 1,210,495 shares of the company’s stock worth $16,523,000 after buying an additional 176,087 shares in the last quarter. AMI Asset Management Corp increased its stake in The Rubicon Project by 2.8% in the second quarter. AMI Asset Management Corp now owns 1,019,084 shares of the company’s stock worth $13,910,000 after buying an additional 27,914 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in The Rubicon Project by 45.0% in the second quarter. BlackRock Fund Advisors now owns 963,074 shares of the company’s stock worth $13,146,000 after buying an additional 298,788 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.