Stocks of Rubicon Technologies Inc. (NYSE:RBT) traded higher last session on Wall Street, up 54.17% to $1.33.
According to the data, Rubicon Technologies Inc. (NYSE:RBT) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $2.60, we find $3.00. Given the previous closing price of $0.86, this indicates a potential upside of 248.84 percent. RBT stock price is now -7.99% away from the 50-day moving average and -70.10% away from the 200-day moving average. The market capitalization of the company currently stands at $240.14M.
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A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $3.20 as their price target over the next twelve months.
With the price target of $5, Cantor Fitzgerald recently initiated with Overweight rating for Rubicon Technologies Inc. (NYSE: RBT). On September 19, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘Canaccord Genuity’ rates the stock as ‘Buy’.
Insiders disposed of 791,733 shares of company stock worth roughly $1.05 million over the past 1 year. A total of 79.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RBT stock. A new stake in Rubicon Technologies Inc. shares was purchased by LMR PARTNERS LLP during the first quarter worth $944,000. GOLDMAN SACHS GROUP INC invested $657,000 in shares of RBT during the first quarter. In the first quarter, COWEN AND COMPANY, LLC acquired a new stake in Rubicon Technologies Inc. valued at approximately $586,000. COWEN INVESTMENT MANAGEMENT LLC acquired a new stake in RBT for approximately $586,000. GEODE CAPITAL MANAGEMENT, LLC purchased a new stake in RBT valued at around $168,000 in the second quarter. In total, there are 29 active investors with 70.40% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $0.8671 for Rubicon Technologies Inc. (NYSE: RBT). During the past 12 months, Rubicon Technologies Inc. has had a low of $0.85 and a high of $10.50. The fifty day moving average price for RBT is $1.4401 and a two-hundred day moving average price translates $2.3032 for the stock.
The latest earnings results from Rubicon Technologies Inc. (NYSE: RBT) was released for Sep, 2022. The net profit margin was -8.20% and return on equity was 38.30% for RBT. The company reported revenue of $184.98 million for the quarter, compared to $149.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.98 percent. For the current quarter, analysts expect RBT to generate $197.48M in revenue.
Rubicon Technologies Inc.(RBT) Company Profile
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. Its consultation and management services include planning, consolidation of billing and administration, cost savings analyses, and vendor performance monitoring and management. The company also offers logistics services; and markets and resells recyclable commodities. Rubicon Technologies, Inc. was founded in 2008 and is headquartered in Lexington, Kentucky.
