Wall Street brokerages expect The Rubicon Project, Inc. (NYSE:RUBI) to report sales of $37.87 million for the current quarter, Zacks reports. Three analysts have provided estimates for The Rubicon Project’s earnings, with estimates ranging from $37.63 million to $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 scheduled to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.

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

The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) EPS 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 firm posted $0.17 EPS. The company’s quarterly revenue was down 34.1% on a year-over-year basis.

Several research firms recently issued reports on RUBI. BidaskClub cut The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. B. Riley reissued a “neutral” rating and issued a $5.00 target price on shares of The Rubicon Project in a research note on Tuesday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research note on Thursday, August 24th. Zacks Investment Research raised The Rubicon Project from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research note on Thursday, July 13th. Finally, Citigroup Inc. cut their target price on The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.10.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 valued at $9,538,000 after acquiring an additional 146,748 shares in the last quarter. Swiss National Bank boosted 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 valued at $332,000 after acquiring an additional 5,000 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in The Rubicon Project during the 2nd quarter valued at approximately $863,000. Bank of New York Mellon Corp boosted 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 valued at $1,149,000 after acquiring an additional 6,413 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in The Rubicon Project during the 1st quarter valued at approximately $321,000. 62.44% of the stock is currently owned by institutional investors and hedge funds.

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The Rubicon Project (RUBI) traded down 2.02% during midday trading on Wednesday, hitting $3.40. The company’s stock had a trading volume of 283,536 shares. The stock has a 50 day moving average of $3.76 and a 200 day moving average of $4.68. The company’s market cap is $166.76 million. The Rubicon Project has a 52-week low of $3.31 and a 52-week high of $9.16.

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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