The Rubicon Project (NYSE:RUBI) Downgraded by ValuEngine

The Rubicon Project (NYSE:RUBI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday, ValuEngine reports.

A number of other equities research analysts have also issued reports on RUBI. B. Riley set a $11.00 target price on The Rubicon Project and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Wednesday.

NYSE RUBI opened at $8.37 on Thursday. The firm has a market cap of $448.30 million, a P/E ratio of -9.85 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50-day moving average is $8.98 and its 200-day moving average is $7.61. The Rubicon Project has a one year low of $3.00 and a one year high of $10.85.

The Rubicon Project (NYSE:RUBI) last announced its earnings results on Wednesday, July 31st. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. The Rubicon Project had a negative return on equity of 19.85% and a negative net margin of 26.05%. The business had revenue of $37.87 million for the quarter, compared to analyst estimates of $35.65 million. Equities analysts anticipate that The Rubicon Project will post -0.54 EPS for the current year.

In related news, Director Frank Addante sold 12,500 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.56, for a total transaction of $107,000.00. Following the sale, the director now owns 1,222,319 shares in the company, valued at approximately $10,463,050.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Jonathan Feldman sold 33,485 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.00, for a total value of $334,850.00. Following the sale, the general counsel now owns 106,369 shares in the company, valued at approximately $1,063,690. The disclosure for this sale can be found here. In the last three months, insiders sold 70,985 shares of company stock worth $674,475. 10.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Fox Run Management L.L.C. bought a new stake in The Rubicon Project during the 2nd quarter worth $64,000. Acadian Asset Management LLC grew its position in The Rubicon Project by 12.1% during the 2nd quarter. Acadian Asset Management LLC now owns 622,497 shares of the software maker’s stock worth $3,959,000 after acquiring an additional 67,369 shares during the last quarter. BlackRock Inc. grew its position in The Rubicon Project by 183.8% during the 2nd quarter. BlackRock Inc. now owns 3,288,527 shares of the software maker’s stock worth $20,914,000 after acquiring an additional 2,129,580 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in The Rubicon Project by 65.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 591,246 shares of the software maker’s stock worth $3,760,000 after acquiring an additional 233,852 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in The Rubicon Project during the 2nd quarter worth $3,526,000. Institutional investors and hedge funds own 65.47% of the company’s stock.

The Rubicon Project Company Profile

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.

Recommended Story: How the Consumer Price Index (CPI) is calculated?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for The Rubicon Project Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Rubicon Project and related companies with MarketBeat.com's FREE daily email newsletter.