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Dougherty Gives Avid Technology (AVID) $4.5 Target; the Rubicon Project, Inc. (RUBI) Had 1 Bullish Analysts

Among 11 analysts covering Rubicon Project (NYSE:RUBI), 1 have Buy rating, 2 Sell and 8 Hold. Therefore 9% are positive. Rubicon Project had 25 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, November 3, the company rating was downgraded by Albert Fried. As per Friday, November 3, the company rating was maintained by Citigroup. The firm has “Hold” rating by Craig Hallum given on Wednesday, March 15. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, January 26 report. The rating was downgraded by B. Riley & Co to “Neutral” on Wednesday, March 15. First Analysis downgraded the Rubicon Project, Inc. (NYSE:RUBI) on Tuesday, August 16 to “Equal-Weight” rating. The stock has “Hold” rating by RBC Capital Markets on Monday, June 5. Suntrust Robinson initiated it with “Buy” rating and $22 target in Tuesday, December 22 report. The firm has “Buy” rating given on Thursday, December 17 by Jefferies. Jefferies downgraded the shares of RUBI in report on Thursday, March 16 to “Hold” rating. See the Rubicon Project, Inc. (NYSE:RUBI) latest ratings:

03/11/2017 Broker: Needham Rating: Hold Maintain
03/11/2017 Broker: Citigroup Rating: Neutral Old Target: $4 New Target: $3 Maintain
03/11/2017 Broker: FBR Capital Rating: Hold New Target: $3.0
23/10/2017 Broker: B. Riley & Co Rating: Hold New Target: $5.0
26/09/2017 Broker: Citigroup Rating: Neutral Old Target: $6 New Target: $4 Maintain
24/08/2017 Broker: Needham Rating: Hold Maintain
03/08/2017 Broker: Jefferies Rating: Hold New Target: $7.2500 Maintain
21/06/2017 Broker: Jefferies Rating: Hold New Target: $7.2500 Maintain

Among 3 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Avid Technology has $11 highest and $5 lowest target. $6.75’s average target is 11.20% above currents $6.07 stock price. Avid Technology had 5 analyst reports since August 11, 2015 according to SRatingsIntel. As per Thursday, November 10, the company rating was downgraded by BWS Financial. Singular Research initiated it with “Buy” rating and $8.50 target in Wednesday, December 9 report. The rating was maintained by BWS Financial with “Buy” on Wednesday, November 11. Dougherty & Company downgraded Avid Technology, Inc. (NASDAQ:AVID) on Tuesday, August 11 to “Buy” rating.

The Rubicon Project, Inc., a technology company, engages in automating the purchasing and selling of advertising. The company has market cap of $85.86 million. The firm offers advertising automation platform that creates and powers a marketplace for buyers and sellers to readily buy and sell advertising at scale. It currently has negative earnings. The Company’s advertising automation platform features applications and services for digital advertising sellers, including Websites, mobile applications, and other digital media properties to sell their advertising inventory; applications and services for buyers comprising advertisers, agencies, agency trading desks, demand side platforms, and ad networks to buy advertising inventory; and a marketplace over which such transactions are executed.

It closed at $1.75 lastly. It is down 63.90% since December 7, 2016 and is downtrending. It has underperformed by 80.60% the S&P500.

Investors sentiment decreased to 1.55 in 2017 Q2. Its down 0.17, from 1.72 in 2017Q1. It turned negative, as 9 investors sold Avid Technology, Inc. shares while 22 reduced holdings. 19 funds opened positions while 29 raised stakes. 28.58 million shares or 0.32% less from 28.67 million shares in 2017Q1 were reported. Capital Investment Counsel Inc holds 0.02% or 10,002 shares in its portfolio. Paradigm New York reported 240,400 shares. Gabelli Funds Lc reported 45,000 shares. Caprock Gp Inc holds 0.09% or 80,135 shares in its portfolio. California Employees Retirement stated it has 225,800 shares. Ameriprise Finance Inc has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Millennium Mgmt Limited Liability Co invested in 0% or 108,542 shares. Petrus Trust Lta holds 0.02% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 20,043 shares. Moreover, San Francisco Sentry Inv Grp (Ca) has 0% invested in Avid Technology, Inc. (NASDAQ:AVID). Tower Research Capital Ltd Liability Com (Trc) invested 0.01% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Messner & Smith Theme Value Investment Management Ltd Ca holds 2.51% or 273,859 shares. Tiaa Cref Inv Mngmt Ltd Liability holds 0% or 88,741 shares. Aqr Capital Mngmt Ltd Liability Corporation holds 0.01% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 891,667 shares. Dimensional Fund Limited Partnership reported 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Ameritas Inv Prtn holds 2,494 shares or 0% of its portfolio.

Since June 13, 2017, it had 2 insider purchases, and 0 selling transactions for $1.39 million activity. Shares for $707,079 were bought by HERNANDEZ LOUIS JR on Tuesday, June 13.

Analysts await Avid Technology, Inc. (NASDAQ:AVID) to report earnings on March, 22. They expect $0.14 EPS, down 48.15% or $0.13 from last year’s $0.27 per share. AVID’s profit will be $5.77M for 10.84 P/E if the $0.14 EPS becomes a reality. After $0.04 actual EPS reported by Avid Technology, Inc. for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

The stock decreased 6.62% or $0.43 during the last trading session, reaching $6.07. About 275,279 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 5.06% since December 7, 2016 and is downtrending. It has underperformed by 21.76% the S&P500.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $250.00 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

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