|Over a month ago|
Rubicon Project price target lowered to $9 from $14 at Craig-Hallum » 08:5704/0204/02/20
Craig-Hallum analyst Jason Kreyer lowered the firm's price target on Rubicon Project (RUBI) to $9 from $14 and keeps a Buy rating on the shares. With the merger of Telaria (TLRA) finally completed, Rubicon moves forward as a combined entity poised to scale up a fragmented market with its omnichannel approach, he notes. Unfortunately, the analyst argues that the timing is "disastrous" as ad budgets have begun to contract the last couple of weeks, with initial checks indicating pullbacks of 20%-60% across various verticals.
One new option listing and two option delistings on April 1st » 08:3004/0104/01/20
HWM, ARNC, TLRA
New option listings for…
New option listings for April 1st include Howmet Aerospace Inc (HWM). Option delistings effective April 1st include Arconic (ARNC) and Telaria Inc (TLRA).
Telaria reports Q4 EPS (1c), consensus 4c » 08:1103/1003/10/20
Reports Q4 revenue…
Reports Q4 revenue $19.6M, consensus $21.34M. "Our CTV business continues to drive our results, growing nearly 100% year-over-year, outperforming our expectations for the fourth quarter and the full year. As we look ahead, the market tailwinds powering CTV show no signs of abating and our platform is extremely well positioned to capitalize on these trends and capture market share," said Mark Zagorski, Telaria CEO. "Additionally, our integration planning activities for our merger with The Rubicon Project are proceeding well. Clients, partners and employees are excited about aligning capabilities to become the world's largest independent omnichannel sell-side advertising platform."
|Over a quarter ago|
Rubicon Project moves uo over 2% after updating revenue view amid Telaria deal » 18:0301/3001/30/20
Shares of Rubicon Project…
Shares of Rubicon Project are up 2.18% to $10.33 per share in after-hours trading.
Telaria sees Q4 revenue $20M, consensus $21.77M » 17:5801/3001/30/20
2019 revenue is expected…
2019 revenue is expected to be approximately $68M, up 23% from 2018, with CTV revenue of approximately $30M, up nearly 100% from 2018. Q4 2019 revenue is expected to be approximately $20M, flat to the same period last year, with CTV revenue of approximately $10M, up 55% year over year Adjusted EBITDA for Q4 and full year 2019 are expected to be positive, with full year Adjusted EBITDA representing a significant improvement over the same period last year. Consensus for FY19 revenue is $70.29M.
Rubicon Project, Telaria continue to expect deal to close in the 1H20 » 17:4801/3001/30/20
On December 19, The…
On December 19, The Rubicon Project (RUBI), Madison Merger and Telaria(TLRA), entered into an Agreement and Plan of Merge pursuant to which, subject to approval of Rubicon Project stockholders and Telaria stockholders and the satisfaction or waiver of other specified closing conditions, Rubicon Project and Telaria will combine in an all-stock merger. At the completion of the merger, Merger Sub will merge with and into Telaria, with Telaria surviving the merger and becoming a wholly owned subsidiary of Rubicon Project. If the merger is completed, each share of Telaria common stock will be converted into the right to receive 1.082, referred to as the exchange ratio, fully paid and nonassessable shares of Rubicon "We continue to be very excited about the pending merger between Telaria and Rubicon Project, and today's filing is another key step towards the completion of this complementary strategic transaction," said Mark Zagorski, Telaria CEO. "CTV continues to drive the growth of our business and exceeded our expectations in the fourth quarter and for the full year. We believe bringing our two companies together will enable us to accelerate the growth of our CTV business and bolster our capabilities in desktop and mobile video." "We are extremely excited about moving closer to the combination of Rubicon Project and Telaria, and going to market as the world's largest independent sell-side advertising platform," said Michael Barrett, President & CEO of Rubicon Project. "Reactions from buyers, publishers, stockholders, analysts and employees have been extremely positive and we look forward to capitalizing on the additional revenue opportunities this combination creates."
Google cookie announcement widely anticipated, concerns overblown, says Stephens » 12:5201/1501/15/20
RUBI, TLRA, RAMP, TTD, GOOGL, GOOG
Stephens analyst Kyle…
Stephens analyst Kyle Evans said he viewed Google's (GOOGL) announcement yesterday about plans to phase out browser cookies by 2022 as widely anticipated. Although this news may be a slight negative for Rubicon (RUBI) and Telaria (TLRA), as it could shift some targeting premiums on certain inventory away from sell-side of the ad ecosystem, he believes the concerns are overblown and sees both being in an excellent position to benefit longer term from supply chain optimization, the connected TV tailwind and their pending merger. Evans, who keeps his Overweight ratings on both Rubicon and Telaria but put his price targets on their shares under review, sees limited impact to the ad tech group as a whole from the Google announcement. Other advertising technology companies he covers include LiveRamp (RAMP) and Trade Desk (TTD).
Criteo continues slide as risk from Google cookie changes seen persisting » 10:2401/1501/15/20
CRTO, GOOG, GOOGL, AAPL, RUBI, RAMP, TLRA
Shares of Criteo (CRTO)…
SunTrust sees little disruption to Rubicon following Google cookie news » 16:0101/1401/14/20
RUBI, GOOG, TLRA
SunTrust analyst Matthew…
SunTrust analyst Matthew Thornton maintained a Buy rating and $10 price target on Rubicon (RUBI) following Google's (GOOG) announcement that it is looking to shift from third party cookie tracking in Chrome within the next two years. The analyst sees "less, if any, potential disruption/uncertainty" for Rubicon, and he feels that the company's pending merger with Telaria (TLRA) "further cushions any impact."
Rubicon Project, Telaria shares can continue to move higher, says Craig-Hallum » 08:5201/0901/09/20
Craig-Hallum analyst Jason Kreyer notes that Rubicon Project (RUBI) and Telaria (TLRA) shares have "shot out of a cannon" since their announced merger nearly a month ago. The analyst believes the optimism in shares ties to the combined organization becoming a scaled-up ad tech platform poised to consolidate spend. Kreyer views the NewCo as a scaled platform company growing sales 20%-30% with about 25% EBITDA margins, and believes shares could continue to move higher. He has Buy rating on both names.