Brokerages expect The Rubicon Project, Inc. (NYSE:RUBI) to post sales of $44.03 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Rubicon Project’s earnings. The lowest sales estimate is $37.81 million and the highest is $50.24 million. The Rubicon Project reported sales of $60.60 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that The Rubicon Project will report full-year sales of $44.03 million for the current year, with estimates ranging from $171.49 million to $206.02 million. For the next year, analysts expect that the company will post sales of $183.09 million per share, with estimates ranging from $173.82 million to $192.35 million. Zacks’ sales calculations are an average based on a survey of research firms that cover The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The Rubicon Project had a negative net margin of 20.28% and a negative return on equity of 1.15%. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $47.98 million. During the same quarter last year, the company earned $0.17 earnings per share. The business’s revenue was down 34.1% on a year-over-year basis.

RUBI has been the topic of several recent analyst reports. ValuEngine lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. B. Riley reiterated a “neutral” rating and issued a $5.00 price target on shares of The Rubicon Project in a research note on Wednesday, August 2nd. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price target on shares of The Rubicon Project in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $6.36.

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Shares of The Rubicon Project (NYSE:RUBI) opened at 4.05 on Friday. The firm has a 50-day moving average price of $3.97 and a 200-day moving average price of $5.32. The Rubicon Project has a 12 month low of $3.38 and a 12 month high of $9.16. The company’s market capitalization is $198.64 million.

Hedge funds have recently modified their holdings of the stock. Oxford Asset Management grew its position in The Rubicon Project by 214.3% during the 1st quarter. Oxford Asset Management now owns 505,710 shares of the software maker’s stock worth $2,979,000 after acquiring an additional 344,820 shares during the last quarter. Vanguard Group Inc. grew its position in The Rubicon Project by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 1,619,460 shares of the software maker’s stock worth $9,538,000 after acquiring an additional 146,748 shares during the last quarter. Schroder Investment Management Group bought a new stake in The Rubicon Project during the 1st quarter worth $355,000. Swiss National Bank grew its position in The Rubicon Project by 9.7% during the 1st quarter. Swiss National Bank now owns 56,400 shares of the software maker’s stock worth $332,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in The Rubicon Project by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 195,044 shares of the software maker’s stock worth $1,149,000 after acquiring an additional 6,413 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.

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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