Analysts Expect The Rubicon Project Inc (RUBI) Will Post Quarterly Sales of $29.53 Million

Equities research analysts predict that The Rubicon Project Inc (NYSE:RUBI) will report $29.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for The Rubicon Project’s earnings, with the highest sales estimate coming in at $30.23 million and the lowest estimate coming in at $28.84 million. The Rubicon Project posted sales of $72.67 million in the same quarter last year, which would indicate a negative year over year growth rate of 59.4%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, March 14th.

On average, analysts expect that The Rubicon Project will report full-year sales of $29.53 million for the current fiscal year, with estimates ranging from $152.36 million to $153.74 million. For the next fiscal year, analysts anticipate that the business will post sales of $100.04 million per share, with estimates ranging from $98.18 million to $101.90 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow The Rubicon Project.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of The Rubicon Project from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Craig Hallum raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Citigroup reduced their price objective on shares of The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. B. Riley reissued a “hold” rating and issued a $5.00 price objective on shares of The Rubicon Project in a research report on Monday, October 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.61.

Shares of The Rubicon Project (RUBI) opened at $1.59 on Friday. The Rubicon Project has a 1 year low of $1.57 and a 1 year high of $9.05. The firm has a market cap of $80.66, a PE ratio of -0.51 and a beta of 1.24.

Large investors have recently modified their holdings 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 acquiring an additional 4,760 shares during the period. 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 acquiring an additional 29,985 shares during the period. 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 acquiring an additional 2,103 shares during the period. 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 acquiring an additional 6,342 shares during the period. 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 acquiring an additional 6,178 shares during the period. 62.82% 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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