The Rubicon Project Inc (NYSE:RUBI) General Counsel Eve Filip sold 3,583 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $6.19, for a total value of $22,178.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:RUBI traded up $0.04 during midday trading on Friday, reaching $6.24. 773,300 shares of the company traded hands, compared to its average volume of 692,646. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.25. The Rubicon Project Inc has a 12 month low of $2.19 and a 12 month high of $7.50. The firm has a market cap of $330.85 million, a price-to-earnings ratio of -7.34 and a beta of 1.59.
The Rubicon Project (NYSE:RUBI) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The Rubicon Project had a negative return on equity of 23.77% and a negative net margin of 35.21%. The company had revenue of $32.42 million for the quarter, compared to analyst estimates of $31.20 million. Equities analysts predict that The Rubicon Project Inc will post -0.66 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in RUBI. BlackRock Inc. raised its stake in shares of The Rubicon Project by 3.0% during the 3rd quarter. BlackRock Inc. now owns 792,302 shares of the software maker’s stock valued at $2,853,000 after purchasing an additional 23,298 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of The Rubicon Project by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,543,129 shares of the software maker’s stock valued at $9,155,000 after purchasing an additional 146,571 shares during the period. Vanguard Group Inc. raised its stake in shares of The Rubicon Project by 14.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,105,373 shares of the software maker’s stock valued at $7,580,000 after purchasing an additional 261,187 shares during the period. Vanguard Group Inc raised its stake in shares of The Rubicon Project by 14.2% during the 3rd quarter. Vanguard Group Inc now owns 2,105,373 shares of the software maker’s stock valued at $7,580,000 after purchasing an additional 261,187 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of The Rubicon Project during the 4th quarter valued at $114,000. Institutional investors own 62.86% of the company’s stock.
Several analysts have issued reports on the company. ValuEngine upgraded The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. B. Riley assumed coverage on The Rubicon Project in a research note on Wednesday, April 17th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Zacks Investment Research lowered The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.00.
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About The Rubicon Project
The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.
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