The Rubicon Project, Inc. (NYSE:RUBI) issued its earnings results on Tuesday. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02), Bloomberg Earnings reports. The firm had revenue of $35.20 million during the quarter, compared to the consensus estimate of $39.38 million. The Rubicon Project had a negative return on equity of 1.15% and a negative net margin of 20.28%. The company’s quarterly revenue was down 41.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS.

RUBI has been the topic of several analyst reports. ValuEngine downgraded shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research report on Thursday, July 13th. B. Riley restated a “hold” rating and set a $5.00 price objective on shares of The Rubicon Project in a research report on Monday, October 23rd. Citigroup Inc. lowered their price objective on shares of The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 26th. Finally, BidaskClub downgraded shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Three equities research analysts have rated the stock with a sell rating, nine have given 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 $6.10.

A hedge fund recently raised its stake in The Rubicon Project stock. The Manufacturers Life Insurance Company lifted its position in The Rubicon Project, Inc. (NYSE:RUBI) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,052 shares of the software maker’s stock after purchasing an additional 6,178 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of The Rubicon Project worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 62.27% of the company’s stock.

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About The Rubicon Project

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.

Earnings History for The Rubicon Project (NYSE:RUBI)

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