Rubicon Technologies, Inc. (NASDAQ:RBT – Get Rating)'s stock price fell 5.1% during trading on Wednesday . The company traded as low as $1.85 and last traded at $1.85. 30,233 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 48,730 shares. The stock had previously closed at $1.95.
Analysts Set New Price Targets
A number of research firms recently commented on RBT. Canaccord Genuity Group dropped their price objective on Rubicon Technologies from $10.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, November 10th. Cantor Fitzgerald lowered their price target on Rubicon Technologies from $5.00 to $2.40 in a report on Thursday, November 10th.
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The business's fifty day moving average is $2.01.
Institutional Investors Weigh In On Rubicon Technologies
Several hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in shares of Rubicon Technologies in the third quarter valued at approximately $77,000. Palantir Technologies Inc. bought a new position in Rubicon Technologies in the third quarter worth $7,455,000. Smith Moore & CO. bought a new position in Rubicon Technologies in the third quarter worth $29,000. Cohen & Co Financial Management LLC bought a new position in Rubicon Technologies in the third quarter worth $5,694,000. Finally, Edge Capital Group LLC bought a new position in Rubicon Technologies in the third quarter worth $3,407,000.About Rubicon Technologies
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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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