What is rating of Stock? the Rubicon Project, Inc. (NYSE:RUBI)

On 23 Aug 2k19, the Rubicon Project, Inc. (NYSE:RUBI) stock showed the plunged by -3.53% with closing price of $10.11 during the normal trading session on Friday and reaching a high of $10.56 during the day while it closed the day at $9.97. The RUBI stock had a low trading volume of 844,634 shares on that day, which is compared to the average daily volume of 900,628 shares.

Rubicon Project (RUBI) recently stated its results of operations for the 2nd quarter of 2k19.

Recent Highlights

  • Revenue was $37.9M for Q2 2k19, up 32% from Q2 2k18
  • Q3 2k19 year-over-year revenue predictable to grow about 30%
  • Mobile revenue grew 42% in Q2 2k19 year over year and represented 56% of total revenue
  • Desktop revenue grew 21% in Q2 2k19 year over year
  • Video revenue grew at twice the industry growth rate in Q2 2k19 year over year
  • Audio revenue nearly doubled in Q2 2k19 year over year
  • Net loss for Q2 2k19 was $8.3M, or loss per share of $0.16, contrast to net loss of $18.0M, or loss per share of $0.36 for the 2nd quarter of 2k18.
  • Adjusted EBITDA(1)was $4.4M representing a 12% margin, contrast to Adjusted EBITDA loss of $5.5M for the 2nd quarter of 2k18.
  • Non-GAAP loss per share(1)was $0.06, contrast to $0.27 non-GAAP loss per share for the 2nd quarter of 2k18.
  • Cash flow positive in Q2 2k19

“For the 2nd quarter, we again delivered strong year-over-year revenue growth, were Adjusted EBITDA positive and generated positive cash flow,” stated Michael G. Barrett, President and CEO of Rubicon Project. “Our strong performance was based on continued market share growth in audio and video, new consumer additions, and continued success as our consumers consolidate supply sources. We are outperforming our target 20% long term revenue growth rate, which is enabling us to invest in areas like Demand Manager and video that will drive growth in future years.”

2nd quarter 2k19 Results Summary
(inMs, except per share amounts and percentages)
 
  Three Months Ended   Six Months Ended
  June 30, 2k19   June 30, 2k18   Change

Favorable/

(Unfavorable)

  June 30, 2k19   June 30, 2k18   Change

Favorable/

(Unfavorable)

Revenue $37.9   $28.6   32%   $70.3   $53.5   31%
Net loss ($8.3)   ($18.0)   54%   ($20.8)   ($45.8)   55%
Adjusted EBITDA(1) $4.4   ($5.5)   nm   $4.3   ($19.7)   nm
Adjusted EBITDA operating expenses(2) $33.5   $34.1   2%   $66.0   $73.2   10%
Adjusted EBITDA margin(3) 12%   (19%)   31 ppt   6%   (37%)   43 ppt
Basic and diluted loss per share ($0.16)   ($0.36)   56%   ($0.40)   ($0.92)   57%
Non-GAAP loss per share(1) ($0.06)   ($0.27)   78%   ($0.19)   ($0.71)   73%

 

The stock has -6.82% from its 52-week high while it has 237.00% from its 52-week low price. Return on assets ratio of the Company was -11.10% and return on equity ratio was -32.80% while its return on investment ratio was -54.20%. Analyst recommendation for this stock stands at 1.70.

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