Rubicon Technologies, Inc. (NASDAQ:RBT – Get Rating)'s share price was up 10% during mid-day trading on Tuesday . The stock traded as high as $1.79 and last traded at $1.54. Approximately 98,443 shares were traded during trading, a decline of 57% from the average daily volume of 230,134 shares. The stock had previously closed at $1.40.
Wall Street Analysts Forecast Growth
RBT has been the subject of several analyst reports. Canaccord Genuity Group initiated coverage on Rubicon Technologies in a report on Friday, September 9th. They issued a "buy" rating and a $10.00 price target for the company. Jefferies Financial Group initiated coverage on Rubicon Technologies in a report on Monday, September 19th. They issued a "buy" rating and a $10.00 price target for the company. Cantor Fitzgerald cut their price target on Rubicon Technologies from $5.00 to $2.40 in a report on Thursday, November 10th. Finally, Canaccord Genuity Group cut their price target on Rubicon Technologies from $10.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, November 10th.
Get Rubicon Technologies alerts:Rubicon Technologies Stock Performance
The company's 50 day simple moving average is $2.09.
Institutional Trading of Rubicon Technologies
Institutional investors have recently made changes to their positions in the stock. Smith Moore & CO. purchased a new stake in shares of Rubicon Technologies during the 3rd quarter valued at $29,000. Raymond James & Associates acquired a new stake in Rubicon Technologies in the 3rd quarter valued at $37,000. Bank of New York Mellon Corp purchased a new position in Rubicon Technologies in the third quarter valued at about $77,000. Edge Capital Group LLC acquired a new position in shares of Rubicon Technologies during the third quarter worth about $3,407,000. Finally, Cohen & Co Financial Management LLC acquired a new position in shares of Rubicon Technologies during the third quarter worth about $5,694,000.Rubicon Technologies Company Profile
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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.
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