In a report released yesterday, Matthew Thornton from SunTrust Robinson reiterated a Buy rating on Rubicon Project (NYSE: RUBI), with a price target of $4. The company’s shares opened today at $3.10.
According to TipRanks.com, Thornton is a 3-star analyst with an average return of 6.1% and a 51.2% success rate. Thornton covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nielsen Holdings, and Pandora Media.
Rubicon Project has an analyst consensus of Moderate Buy, with a price target consensus of $4.
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Based on Rubicon Project’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $27.82 million. In comparison, last year the company had a GAAP net loss of $11.56 million.
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The Rubicon Project, Inc. engages in the automation of buying and selling of advertising. It helps websites and apps thrive by giving them tools and expertise to sell ads easily and safely. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in Los Angeles, CA.
