Rubicon Technologies (NASDAQ:RBT – Get Rating) had its price objective reduced by Cantor Fitzgerald from $2.60 to $1.90 in a report released on Tuesday morning, The Fly reports.
Rubicon Technologies Stock Performance
Shares of NASDAQ:RBT opened at $0.57 on Tuesday. The firm has a 50 day moving average of $0.58 and a 200-day moving average of $1.32. Rubicon Technologies has a 12 month low of $0.38 and a 12 month high of $10.50.
Rubicon Technologies (NASDAQ:RBT – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.09). The firm had revenue of $165.99 million for the quarter. As a group, equities research analysts predict that Rubicon Technologies will post -1.64 earnings per share for the current fiscal year.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Smith Moore & CO. bought a new stake in Rubicon Technologies in the third quarter valued at $29,000. Edge Capital Group LLC bought a new stake in shares of Rubicon Technologies during the 3rd quarter valued at about $3,407,000. Palantir Technologies Inc. bought a new stake in shares of Rubicon Technologies during the 3rd quarter valued at about $7,455,000. Raymond James & Associates bought a new stake in shares of Rubicon Technologies during the 3rd quarter valued at about $37,000. Finally, Cohen & Co Financial Management LLC bought a new position in shares of Rubicon Technologies during the 3rd quarter valued at approximately $5,694,000.
About Rubicon Technologies
Rubicon Technologies, Inc, a digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses, governments, and organizations worldwide. It offers solutions for waste generators, haulers and recyclers, cities, and fleets. The company provides consultation and management services to customers for waste removal, waste management, logistics, and recycling solutions.
- Get a free copy of the StockNews.com research report on Rubicon Technologies (RBT)
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