Analysts forecast that The Rubicon Project, Inc. (NYSE:RUBI) will post sales of $48.17 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for The Rubicon Project’s earnings. The lowest sales estimate is $46.88 million and the highest is $49.29 million. The Rubicon Project posted sales of $65.11 million during the same quarter last year, which suggests a negative year-over-year growth rate of 26%. The business is scheduled to report its next earnings results after the market closes on Tuesday, August 1st.

According to Zacks, analysts expect that The Rubicon Project will report full year sales of $48.17 million for the current year, with estimates ranging from $197.90 million to $213.67 million. For the next year, analysts forecast that the firm will report sales of $198.19 million per share, with estimates ranging from $178.60 million to $218.04 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover The Rubicon Project.

A number of equities research analysts have recently issued reports on RUBI shares. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Saturday. B. Riley reiterated a “neutral” rating and issued a $5.50 target price on shares of The Rubicon Project in a research note on Thursday, May 4th. TheStreet lowered The Rubicon Project from a “c” rating to a “d” rating in a research note on Monday, April 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $6.00 price target on shares of The Rubicon Project in a report on Monday, June 5th. Finally, ValuEngine downgraded The Rubicon Project from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.49.

The Rubicon Project (NYSE:RUBI) opened at 5.00 on Friday. The Rubicon Project has a 52 week low of $4.61 and a 52 week high of $14.30. The stock has a 50 day moving average price of $5.25 and a 200 day moving average price of $6.49. The stock’s market cap is $242.18 million.

A number of hedge funds have recently bought and sold shares of RUBI. Engineers Gate Manager LP increased its position in The Rubicon Project by 37.3% in the first quarter. Engineers Gate Manager LP now owns 52,660 shares of the software maker’s stock valued at $310,000 after buying an additional 14,297 shares in the last quarter. Oxford Asset Management increased its position in The Rubicon Project by 214.3% in the first quarter. Oxford Asset Management now owns 505,710 shares of the software maker’s stock valued at $2,979,000 after buying an additional 344,820 shares in the last quarter. Alambic Investment Management L.P. increased its position in The Rubicon Project by 172.9% in the first quarter. Alambic Investment Management L.P. now owns 210,244 shares of the software maker’s stock valued at $1,238,000 after buying an additional 133,200 shares in the last quarter. LSV Asset Management increased its position in The Rubicon Project by 59.9% in the first quarter. LSV Asset Management now owns 735,924 shares of the software maker’s stock valued at $4,334,000 after buying an additional 275,724 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in The Rubicon Project by 180.3% in the first quarter. Acadian Asset Management LLC now owns 293,398 shares of the software maker’s stock valued at $1,728,000 after buying an additional 188,731 shares in the last quarter. Hedge funds and other institutional investors own 64.13% of the company’s stock.

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The Rubicon Project Company Profile

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.

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