Analysts forecast that The Rubicon Project, Inc. (NYSE:RUBI) will announce $37.87 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for The Rubicon Project’s earnings, with the lowest sales estimate coming in at $37.63 million and the highest estimate coming in at $38.18 million. The Rubicon Project posted sales of $60.60 million in the same quarter last year, which would indicate a negative year over year growth rate of 37.5%. The firm is expected to issue its next earnings results on Wednesday, November 1st.

On average, analysts expect that The Rubicon Project will report full-year sales of $37.87 million for the current financial year, with estimates ranging from $169.50 million to $178.00 million. For the next financial year, analysts anticipate that the business will post sales of $165.24 million per share, with estimates ranging from $154.90 million to $173.82 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $42.90 million during the quarter, compared to the consensus estimate of $47.98 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was down 34.1% compared to the same quarter last year.

RUBI has been the subject of several recent analyst reports. ValuEngine downgraded The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. B. Riley restated a “neutral” rating and set a $5.00 price objective on shares of The Rubicon Project in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Citigroup Inc. dropped their price objective on The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, September 26th. Finally, BidaskClub downgraded The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.10.

The Rubicon Project (NYSE RUBI) opened at 3.79 on Friday. The Rubicon Project has a 12-month low of $3.38 and a 12-month high of $9.16. The company has a 50 day moving average price of $3.83 and a 200-day moving average price of $4.89. The company’s market capitalization is $185.89 million.

A number of institutional investors have recently bought and sold shares of the business. Divisar Capital Management LLC raised its position in shares of The Rubicon Project by 38.5% during the second quarter. Divisar Capital Management LLC now owns 2,476,289 shares of the software maker’s stock worth $12,728,000 after acquiring an additional 688,801 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of The Rubicon Project by 83.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock worth $9,596,000 after acquiring an additional 846,857 shares during the last quarter. Vanguard Group Inc. raised its position in shares of The Rubicon Project by 5.8% during the second quarter. Vanguard Group Inc. now owns 1,712,725 shares of the software maker’s stock worth $8,802,000 after acquiring an additional 93,265 shares during the last quarter. State Street Corp raised its position in shares of The Rubicon Project by 10.2% during the second quarter. State Street Corp now owns 910,293 shares of the software maker’s stock worth $4,681,000 after acquiring an additional 84,345 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of The Rubicon Project by 9.3% during the first quarter. Royce & Associates LP now owns 684,900 shares of the software maker’s stock worth $4,034,000 after acquiring an additional 58,200 shares during the last quarter. Hedge funds and other institutional investors own 62.45% 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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