The Rubicon Project Stock Rating Reaffirmed by Goldman Sachs (RUBI)

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The Rubicon Project (NASDAQ:RUBI)‘s stock had its “neutral” rating restated by Goldman Sachs in a research note issued on Wednesday, AnalystRatings.NET reports. They currently have a $18.00 price target on the stock, down from their previous price target of $21.00. Goldman Sachs’ price target suggests a potential upside of 58.31% from the stock’s previous close.

A number of other firms have also recently commented on RUBI. Analysts at Oppenheimer upgraded shares of The Rubicon Project from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $18.00 price target on the stock, down previously from $19.00. Separately, analysts at RBC Capital upgraded shares of The Rubicon Project from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $19.00 price target on the stock, down previously from $22.00. Finally, analysts at Zacks initiated coverage on shares of The Rubicon Project in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.00.

Shares of The Rubicon Project (NASDAQ:RUBI) opened at 11.37 on Wednesday. The Rubicon Project has a 52-week low of $11.15 and a 52-week high of $23.20. The stock has a 50-day moving average of $17.52 and a 200-day moving average of $17.52. The company’s market cap is $394.7 million.

The Rubicon Project (NASDAQ:RUBI) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.27. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $20.28 million. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. Analysts expect that The Rubicon Project will post $-0.51 EPS for the current fiscal year.

The Rubicon Project, Inc is a global technology company that focuses to automate the buying and selling of advertising.

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