Soros Fund Management LLC Acquires New Position in The Rubicon Project, Inc. (RUBI)

Soros Fund Management LLC bought a new position in shares of The Rubicon Project, Inc. (NYSE:RUBI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,666 shares of the software maker’s stock, valued at approximately $1,182,000. Soros Fund Management LLC owned approximately 0.41% of The Rubicon Project at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RUBI. UBS Asset Management Americas Inc. boosted its position in The Rubicon Project by 9.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 15,000 shares of the software maker’s stock valued at $111,000 after buying an additional 1,300 shares during the period. American International Group Inc. boosted its position in The Rubicon Project by 7.0% in the first quarter. American International Group Inc. now owns 22,916 shares of the software maker’s stock valued at $135,000 after buying an additional 1,509 shares during the period. Virginia Retirement Systems ET AL boosted its position in The Rubicon Project by 8.7% in the first quarter. Virginia Retirement Systems ET AL now owns 29,900 shares of the software maker’s stock valued at $176,000 after buying an additional 2,400 shares during the period. Bowling Portfolio Management LLC bought a new position in The Rubicon Project during the fourth quarter valued at $210,000. Finally, Russell Investments Group Ltd. bought a new position in The Rubicon Project during the fourth quarter valued at $230,000. Institutional investors own 64.22% of the company’s stock.

Shares of The Rubicon Project, Inc. (NYSE RUBI) traded down 0.58% during midday trading on Friday, reaching $5.10. 307,654 shares of the company’s stock traded hands. The stock has a 50 day moving average of $5.33 and a 200-day moving average of $6.76. The stock’s market cap is $247.02 million. The Rubicon Project, Inc. has a 12 month low of $4.61 and a 12 month high of $14.60.

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Several research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $5.50 price objective on shares of The Rubicon Project in a research report on Thursday, May 4th. BidaskClub lowered shares of The Rubicon Project from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.25 target price on shares of The Rubicon Project in a report on Monday, May 8th. Royal Bank Of Canada lowered their target price on shares of The Rubicon Project from $12.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, March 15th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of The Rubicon Project in a report on Wednesday, March 15th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.37.

The Rubicon Project Company Profile

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.

Institutional Ownership by Quarter for The Rubicon Project (NYSE:RUBI)

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