Cantor Fitzgerald Trims Rubicon Technologies (NYSE:RBT) Target Price to $0.60

Rubicon Technologies (NYSE:RBT) had its price objective cut by Cantor Fitzgerald from $1.60 to $0.60 in a report issued on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Rubicon Technologies Price Performance

Rubicon Technologies stock opened at $0.23 on Tuesday. The company’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $1.10. Rubicon Technologies has a 12 month low of $0.19 and a 12 month high of $13.84. The stock has a market cap of $12.07 million, a P/E ratio of -0.09 and a beta of 1.73.

Rubicon Technologies (NYSE:RBT) 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 company had revenue of $170.66 million for the quarter. During the same quarter in the prior year, the company posted ($1.92) EPS.

Institutional Investors Weigh In On Rubicon Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. KPP Advisory Services LLC acquired a new stake in shares of Rubicon Technologies in the 3rd quarter valued at $75,000. HB Wealth Management LLC acquired a new stake in shares of Rubicon Technologies in the 4th quarter valued at $96,000. Finally, MCF Advisors LLC acquired a new stake in shares of Rubicon Technologies in the 1st quarter valued at $181,000. Institutional investors and hedge funds own 40.75% of the company’s stock.

About Rubicon Technologies

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.