The Rubicon Project Inc (NYSE:RUBI) insider Adam Lee Soroca sold 8,317 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.43, for a total value of $45,161.31. Following the sale, the insider now owns 435,983 shares of the company’s stock, valued at approximately $2,367,387.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Adam Lee Soroca also recently made the following trade(s):
- On Wednesday, May 20th, Adam Lee Soroca sold 9,676 shares of The Rubicon Project stock. The shares were sold at an average price of $5.13, for a total value of $49,637.88.
Shares of RUBI opened at $5.17 on Friday. The business’s 50-day moving average is $5.68 and its two-hundred day moving average is $8.00. The company has a market capitalization of $563.26 million, a P/E ratio of -12.02 and a beta of 1.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.17. The Rubicon Project Inc has a fifty-two week low of $4.09 and a fifty-two week high of $13.11.
The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.08. The Rubicon Project had a negative return on equity of 14.34% and a negative net margin of 14.10%. The company had revenue of $36.30 million for the quarter, compared to the consensus estimate of $35.22 million. Analysts forecast that The Rubicon Project Inc will post -0.48 EPS for the current year.
RUBI has been the topic of several research reports. ValuEngine raised The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Craig Hallum cut their target price on The Rubicon Project from $14.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. B. Riley cut their target price on The Rubicon Project from $10.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Zacks Investment Research downgraded The Rubicon Project from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, SunTrust Banks cut their target price on The Rubicon Project from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $10.10.
Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new position in The Rubicon Project in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new position in The Rubicon Project in the 4th quarter valued at about $27,000. Quantbot Technologies LP lifted its stake in The Rubicon Project by 216.0% in the 4th quarter. Quantbot Technologies LP now owns 3,571 shares of the software maker’s stock valued at $29,000 after buying an additional 2,441 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in The Rubicon Project in the 1st quarter valued at about $39,000. Finally, Ameritas Investment Partners Inc. lifted its stake in The Rubicon Project by 94.9% in the 1st quarter. Ameritas Investment Partners Inc. now owns 8,240 shares of the software maker’s stock valued at $46,000 after buying an additional 4,012 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
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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