Rubicon Technologies (NYSE:RBT) Price Target Cut to $0.60 by Analysts at Cantor Fitzgerald

Rubicon Technologies (NYSE:RBTFree Report) had its price target trimmed by Cantor Fitzgerald from $1.60 to $0.60 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Rubicon Technologies Stock Performance

NYSE:RBT opened at $0.23 on Tuesday. Rubicon Technologies has a one year low of $0.19 and a one year high of $13.84. The firm has a market cap of $12.39 million, a price-to-earnings ratio of -0.09 and a beta of 1.73. The firm’s fifty day moving average is $0.38 and its two-hundred day moving average is $1.11.

Rubicon Technologies (NYSE:RBTGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.52) by $0.18. The business had revenue of $170.66 million during the quarter. During the same quarter last year, the firm posted ($1.92) earnings per share.

Institutional Investors Weigh In On Rubicon Technologies

Several hedge funds have recently modified their holdings of the company. MCF Advisors LLC purchased a new stake in shares of Rubicon Technologies during the 1st quarter worth about $181,000. HB Wealth Management LLC purchased a new stake in shares of Rubicon Technologies during the 4th quarter worth about $96,000. Finally, KPP Advisory Services LLC purchased a new stake in shares of Rubicon Technologies during the 3rd quarter worth about $75,000. 40.75% of the stock is owned by hedge funds and other institutional investors.

Rubicon Technologies Company Profile

(Get Free Report)

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.

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