Boston Partners increased its stake in shares of The Rubicon Project Inc (NYSE:RUBI) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 448,576 shares of the software maker’s stock after buying an additional 5,809 shares during the period. Boston Partners’ holdings in The Rubicon Project were worth $2,727,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of RUBI. Northern Trust Corp lifted its position in The Rubicon Project by 3.9% during the 4th quarter. Northern Trust Corp now owns 132,380 shares of the software maker’s stock valued at $494,000 after purchasing an additional 4,920 shares during the period. P.A.W. Capital Corp lifted its position in The Rubicon Project by 2.9% during the 1st quarter. P.A.W. Capital Corp now owns 360,000 shares of the software maker’s stock valued at $2,189,000 after purchasing an additional 10,000 shares during the period. Cetera Advisor Networks LLC acquired a new position in The Rubicon Project during the 4th quarter valued at about $46,000. Bailard Inc. acquired a new position in The Rubicon Project during the 1st quarter valued at about $86,000. Finally, Two Sigma Advisers LP lifted its position in The Rubicon Project by 3.6% during the 4th quarter. Two Sigma Advisers LP now owns 456,325 shares of the software maker’s stock valued at $1,702,000 after purchasing an additional 15,700 shares during the period. Institutional investors and hedge funds own 62.86% of the company’s stock.
In other news, Director Frank Addante sold 12,500 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $5.96, for a total value of $74,500.00. Following the completion of the sale, the director now owns 1,282,866 shares of the company’s stock, valued at approximately $7,645,881.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Blima Tuller sold 7,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $6.87, for a total value of $51,525.00. Following the completion of the sale, the insider now directly owns 149,260 shares of the company’s stock, valued at approximately $1,025,416.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,809 shares of company stock valued at $1,150,633. 10.60% of the stock is currently owned by company insiders.
RUBI has been the topic of a number of research reports. Zacks Investment Research upgraded 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 research report on Saturday, March 9th. B. Riley started coverage on The Rubicon Project in a research note on Wednesday, April 17th. They issued a “buy” rating and a $9.00 price target for the company. Finally, ValuEngine raised The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $7.00.
Shares of RUBI stock opened at $6.20 on Friday. 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 stock has a market capitalization of $330.33 million, a PE ratio of -7.29 and a beta of 1.59. The Rubicon Project Inc has a one year low of $2.19 and a one year high of $7.50.
The Rubicon Project (NYSE:RUBI) last announced 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 company had revenue of $32.42 million during the quarter, compared to analysts’ expectations of $31.20 million. The Rubicon Project had a negative return on equity of 23.77% and a negative net margin of 35.21%. As a group, sell-side analysts expect that The Rubicon Project Inc will post -0.66 earnings per share for the current fiscal year.
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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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