Shares of The Rubicon Project, Inc. (NYSE:RUBI) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.63.

Several research analysts have commented on the stock. ValuEngine downgraded shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Needham & Company LLC restated a “hold” rating on shares of The Rubicon Project in a research report on Friday, November 3rd. B. Riley restated a “hold” rating and set a $3.00 price objective on shares of The Rubicon Project in a research report on Friday, November 3rd. Citigroup Inc. lowered their price objective on shares of The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Finally, BidaskClub downgraded shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

Several large investors have recently made changes to their positions in the company. Voya Investment Management LLC grew its stake in shares of The Rubicon Project by 29.6% in the second quarter. Voya Investment Management LLC now owns 20,823 shares of the software maker’s stock worth $107,000 after purchasing an additional 4,760 shares during the last quarter. Teton Advisors Inc. grew its stake 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 worth $121,000 after purchasing an additional 11,400 shares during the last quarter. American International Group Inc. grew its stake 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 worth $135,000 after purchasing an additional 1,509 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of The Rubicon Project in the second quarter worth $143,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of The Rubicon Project by 308.5% in the third quarter. Cubist Systematic Strategies LLC now owns 39,706 shares of the software maker’s stock worth $154,000 after purchasing an additional 29,985 shares during the last quarter. Institutional investors own 63.22% of the company’s stock.

Shares of The Rubicon Project (RUBI) traded up $0.02 during mid-day trading on Friday, hitting $1.82. The company had a trading volume of 173,144 shares, compared to its average volume of 689,724. The Rubicon Project has a fifty-two week low of $1.77 and a fifty-two week high of $9.16.

The Rubicon Project (NYSE:RUBI) last issued 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 company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $39.38 million. The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The company’s quarterly revenue was down 41.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. research analysts predict that The Rubicon Project will post -2.58 EPS for the current year.

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About The Rubicon Project

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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