The Rubicon Project Inc (RUBI) : Rho Capital Partners Inc reduced its stake in The Rubicon Project Inc by 6.26% during the most recent quarter end. The investment management company now holds a total of 437,390 shares of The Rubicon Project Inc which is valued at $6,259,051 after selling 29,226 shares in The Rubicon Project Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.The Rubicon Project Inc makes up approximately 3.24% of Rho Capital Partners Inc’s portfolio.
Other Hedge Funds, Including , Airain Ltd boosted its stake in RUBI in the latest quarter, The investment management firm added 4,277 additional shares and now holds a total of 24,511 shares of The Rubicon Project Inc which is valued at $350,752. The Rubicon Project Inc makes up approx 0.02% of Airain Ltd’s portfolio.Ironwood Investment Management reduced its stake in RUBI by selling 71,695 shares or 50.54% in the most recent quarter. The Hedge Fund company now holds 70,170 shares of RUBI which is valued at $992,906. The Rubicon Project Inc makes up approx 0.65% of Ironwood Investment Management’s portfolio.Tiaa Cref Investment Management reduced its stake in RUBI by selling 3,667 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 255,679 shares of RUBI which is valued at $3,617,858. Pacad Investment Ltd. added RUBI to its portfolio by purchasing 16,200 company shares during the most recent quarter which is valued at $229,230. The Rubicon Project Inc makes up approx 0.03% of Pacad Investment Ltd.’s portfolio.Oppenheimer Co Inc reduced its stake in RUBI by selling 1,491 shares or 6.13% in the most recent quarter. The Hedge Fund company now holds 22,838 shares of RUBI which is valued at $442,372. The Rubicon Project Inc makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.
The Rubicon Project Inc opened for trading at $14.3 and hit $14.77 on the upside on Friday, eventually ending the session at $14.31, with a gain of 0.42% or 0.06 points. The heightened volatility saw the trading volume jump to 5,12,567 shares. Company has a market cap of $694 M.
On the company’s financial health, The Rubicon Project Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $63.60 million for the quarter, compared to analysts expectations of $59.35 million. The company’s revenue was up 71.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on The Rubicon Project Inc. Citigroup Initiated The Rubicon Project Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $26.The Rubicon Project Inc was Initiated by Cantor Fitzgerald to “Buy” on Apr 5, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $26 .
The Rubicon Project Inc. is a technology company that focuses to automate the buying and selling of advertising. The Company’s Advertising Automation Cloud platform provides user reach and a marketplace for the real time trading of digital advertising between buyers and sellers. Buyers of digital advertising use its platform to reach around 600 million Internet users globally on some of the sellers’ Websites and applications. Sellers of digital advertising use its platform for advertising while accessing a market of buyers representing advertiser brands around the world. Its Advertising Automation Cloud features applications for digital advertising sellers including Websites mobile applications and other digital media properties to sell advertising inventory; applications for buyers including advertisers agencies agency trading desks (ATDs) demand side platforms (DSPs) and ad networks to buy advertising inventory and a marketplace where such transactions are executed.