The stock of Rubicon Technologies Inc. (NYSE:RBT) last traded at $0.59, down -2.77% from the previous session.
Data from the available sources indicates that Rubicon Technologies Inc. (NYSE:RBT) is covered by 3 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.40, we find $3.00. Given the previous closing price of $0.61, this indicates a potential upside of 391.8 percent. RBT stock price is now -3.37% away from the 50-day moving average and -44.78% away from the 200-day moving average. The market capitalization of the company currently stands at $178.40M.
In total, 0 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $2.47 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).
In other news, Enrich Jose Miguel, 10% Owner bought 240,154 shares of the company’s stock on Jun 16. The stock was bought for $100,000 at an average price of $0.42. Upon completion of the transaction, the 10% Owner now directly owns 351,265 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Director Chico Hernandez Andres bought 555,555 shares of the business’s stock. A total of $500,000 was incurred on buying the stock at an average price of $0.90. This leaves the insider owning 681,183 shares of the company worth $0.4 million. Insiders disposed of 791,733 shares of company stock worth roughly $0.47 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $1,399,000. METEORA CAPITAL, LLC invested $297,000 in shares of RBT during the first quarter. In the first quarter, HB WEALTH MANAGEMENT, LLC acquired a new stake in Rubicon Technologies Inc. valued at approximately $247,000. ANTARA CAPITAL LP acquired a new stake in RBT for approximately $216,000. BROWN ADVISORY INC purchased a new stake in RBT valued at around $31,000 in the second quarter. In total, there are 48 active investors with 70.40% ownership of the company’s stock.
With an opening price of $0.6000 on Friday morning, Rubicon Technologies Inc. (NYSE: RBT) set off the trading day. During the past 12 months, Rubicon Technologies Inc. has had a low of $0.25 and a high of $6.20. The fifty day moving average price for RBT is $0.6186 and a two-hundred day moving average price translates $1.0661 for the stock.
The latest earnings results from Rubicon Technologies Inc. (NYSE: RBT) was released for Jun, 2023. The net profit margin was -6.60% and return on equity was 16.00% for RBT. The company reported revenue of $174.56 million for the quarter, compared to $164.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.05 percent. For the current quarter, analysts expect RBT to generate $175.98M 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. The company provides solutions for waste generators; and haulers and recyclers. It offers 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. In addition, the company offers logistics services; and markets and resells recyclable commodities. Rubicon Technologies, Inc. was founded in 2008 and is headquartered in Lexington, Kentucky.
