Brokerages expect The Rubicon Project, Inc. (NYSE:RUBI) to post sales of $29.11 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for The Rubicon Project’s earnings. The lowest sales estimate is $28.26 million and the highest is $30.23 million. The Rubicon Project reported sales of $72.67 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 59.9%. The firm is expected to report its next quarterly earnings results on Tuesday, March 13th.

According to Zacks, analysts expect that The Rubicon Project will report full year sales of $29.11 million for the current fiscal year, with estimates ranging from $151.78 million to $153.74 million. For the next year, analysts forecast that the business will report sales of $98.55 million per share, with estimates ranging from $95.56 million to $101.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $35.20 million during the quarter, compared to analyst estimates of $39.38 million. The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The business’s quarterly revenue was down 41.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share.

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of The Rubicon Project in a research note on Friday, November 3rd. Citigroup lowered their price target on shares of The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. B. Riley reaffirmed a “hold” rating and set a $3.00 price target on shares of The Rubicon Project in a research note on Friday, November 3rd. Finally, ValuEngine cut shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.61.

The Rubicon Project (NYSE:RUBI) opened at $1.75 on Friday. The Rubicon Project has a 12 month low of $1.75 and a 12 month high of $9.16.

Several large investors have recently bought and sold shares of RUBI. Voya Investment Management LLC grew its stake in shares of The Rubicon Project by 29.6% during the 2nd quarter. Voya Investment Management LLC now owns 20,823 shares of the software maker’s stock worth $107,000 after purchasing an additional 4,760 shares during the period. Teton Advisors Inc. grew its stake in shares of The Rubicon Project by 94.2% during the 2nd quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock worth $121,000 after purchasing an additional 11,400 shares during the period. American International Group Inc. grew its stake in The Rubicon Project by 7.0% in the 1st quarter. American International Group Inc. now owns 22,916 shares of the software maker’s stock valued at $135,000 after acquiring an additional 1,509 shares during the last quarter. SG Americas Securities LLC acquired a new stake in The Rubicon Project in the 2nd quarter valued at about $143,000. Finally, Cubist Systematic Strategies LLC grew its stake in The Rubicon Project by 308.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,706 shares of the software maker’s stock valued at $154,000 after acquiring an additional 29,985 shares during the last quarter. 62.95% of the stock is currently owned by institutional investors and hedge funds.

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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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