The Rubicon Project Inc (NYSE:RUBI) shares hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $4.25 and last traded at $3.98, with a volume of 23943 shares. The stock had previously closed at $3.48.
The software maker reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. The Rubicon Project had a negative return on equity of 42.04% and a negative net margin of 144.16%. The business had revenue of $29.73 million for the quarter, compared to the consensus estimate of $28.93 million.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded The Rubicon Project from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. SunTrust Banks set a $5.00 price target on The Rubicon Project and gave the stock a “buy” rating in a research note on Thursday. Finally, Craig Hallum restated a “buy” rating on shares of The Rubicon Project in a research note on Friday, October 12th.
The company has a market cap of $176.61 million, a price-to-earnings ratio of -3.93 and a beta of 1.24.
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The Rubicon Project Company Profile (NYSE:RUBI)
The Rubicon Project, Inc 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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