Equities research analysts expect that The Rubicon Project Inc (NYSE:RUBI) will report earnings per share of ($0.29) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for The Rubicon Project’s earnings. The Rubicon Project reported earnings of $0.37 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 178.4%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, March 14th.
According to Zacks, analysts expect that The Rubicon Project will report full year earnings of ($2.55) per share for the current year. For the next financial year, analysts forecast that the company will report earnings of ($1.17) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for The Rubicon Project.
RUBI has been the subject of a number of analyst reports. Craig Hallum raised The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. ValuEngine raised The Rubicon Project from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.61.
A number of hedge funds have recently bought and sold shares of RUBI. Sessa Capital IM L.P. lifted its holdings in The Rubicon Project by 76.5% during the third quarter. Sessa Capital IM L.P. now owns 2,262,748 shares of the software maker’s stock worth $8,802,000 after acquiring an additional 980,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in The Rubicon Project by 83.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock worth $9,596,000 after acquiring an additional 846,857 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in The Rubicon Project by 95.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,712,300 shares of the software maker’s stock worth $3,202,000 after acquiring an additional 836,524 shares in the last quarter. Caption Management LLC bought a new position in The Rubicon Project during the fourth quarter worth about $1,231,000. Finally, Roumell Asset Management LLC lifted its holdings in The Rubicon Project by 66.9% during the fourth quarter. Roumell Asset Management LLC now owns 1,119,100 shares of the software maker’s stock worth $2,093,000 after acquiring an additional 448,535 shares in the last quarter. Hedge funds and other institutional investors own 59.75% 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.
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