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 transaction of $22,178.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of RUBI traded down $0.22 during mid-day trading on Monday, reaching $6.02. 8,825 shares of the stock traded hands, compared to its average volume of 966,441. The firm has a market capitalization of $323.08 million, a P/E ratio of -7.07 and a beta of 1.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.25 and a quick ratio of 1.25. The Rubicon Project Inc has a 1 year low of $2.19 and a 1 year high of $7.50.
The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $32.42 million during the quarter, compared to analyst estimates of $31.20 million. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%. On average, analysts expect that The Rubicon Project Inc will post -0.66 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC purchased a new position in The Rubicon Project in the fourth quarter worth $46,000. 361 Capital LLC purchased a new stake in The Rubicon Project during the first quarter valued at about $75,000. Bailard Inc. purchased a new stake in The Rubicon Project during the first quarter valued at about $86,000. Virtu Financial LLC purchased a new stake in The Rubicon Project during the fourth quarter valued at about $114,000. Finally, Jane Street Group LLC purchased a new stake in The Rubicon Project during the first quarter valued at about $122,000. Hedge funds and other institutional investors own 62.86% of the company’s stock.
A number of brokerages have issued reports on RUBI. Zacks Investment Research raised shares of The Rubicon Project from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Saturday, March 9th. ValuEngine raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, B. Riley assumed coverage on shares of The Rubicon Project in a report on Wednesday, April 17th. They set a “buy” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $7.00.
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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