Zacks: Brokerages Expect The Rubicon Project Inc (RUBI) Will Announce Earnings of -$0.30 Per Share

Equities research analysts expect The Rubicon Project Inc (NYSE:RUBI) to announce earnings of ($0.30) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for The Rubicon Project’s earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.29). The Rubicon Project posted earnings of $0.37 per share during the same quarter last year, which would indicate a negative year over year growth rate of 181.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, March 13th.

On average, analysts expect that The Rubicon Project will report full-year earnings of ($2.55) per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of ($1.28) per share, with EPS estimates ranging from ($1.39) to ($1.17). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow The Rubicon Project.

RUBI has been the topic of a number of analyst reports. B. Riley restated a “hold” rating and issued a $5.00 price target on shares of The Rubicon Project in a research note on Monday, October 23rd. ValuEngine upgraded The Rubicon Project from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “hold” rating on shares of The Rubicon Project in a research note on Friday, November 3rd. Citigroup cut their price target on 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. Finally, Craig Hallum upgraded The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.61.

Institutional investors and hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC increased its position in shares of The Rubicon Project by 29.6% during the second 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 in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of The Rubicon Project by 308.5% during the third quarter. Cubist Systematic Strategies LLC now owns 39,706 shares of the software maker’s stock worth $154,000 after purchasing an additional 29,985 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of The Rubicon Project by 7.3% during the second quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock worth $158,000 after purchasing an additional 2,103 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of The Rubicon Project by 24.5% during the second quarter. Parametric Portfolio Associates LLC now owns 32,266 shares of the software maker’s stock worth $166,000 after purchasing an additional 6,342 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of The Rubicon Project by 20.0% during the second quarter. The Manufacturers Life Insurance Company now owns 37,052 shares of the software maker’s stock worth $191,000 after purchasing an additional 6,178 shares in the last quarter. Institutional investors and hedge funds own 62.82% of the company’s stock.

Shares of The Rubicon Project (NYSE RUBI) opened at $1.74 on Wednesday. The Rubicon Project has a 52 week low of $1.65 and a 52 week high of $9.05. The firm has a market capitalization of $86.64, a price-to-earnings ratio of -0.56 and a beta of 1.24.

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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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