$34.02 Million in Sales Expected for The Rubicon Project, Inc. (RUBI) This Quarter

Brokerages predict that The Rubicon Project, Inc. (NYSE:RUBI) will announce $34.02 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for The Rubicon Project’s earnings. The highest sales estimate is $43.56 million and the lowest is $28.26 million. The Rubicon Project reported sales of $72.67 million during the same quarter last year, which indicates a negative year-over-year growth rate of 53.2%. The firm is scheduled to report its next earnings report on Tuesday, March 13th.

On average, analysts expect that The Rubicon Project will report full year sales of $34.02 million for the current fiscal year, with estimates ranging from $151.78 million to $169.50 million. For the next year, analysts anticipate that the business will post sales of $117.45 million per share, with estimates ranging from $95.56 million to $154.90 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 issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $35.20 million during the quarter, compared to analyst estimates of $39.38 million. The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The company’s revenue was down 41.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share.

A number of analysts have recently weighed in on RUBI shares. Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. B. Riley reaffirmed a “neutral” rating and issued a $5.00 price target on shares of The Rubicon Project in a research note on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of The Rubicon Project in a research note on Thursday, August 24th. Finally, ValuEngine lowered shares of The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.61.

A number of hedge funds have recently added to or reduced their stakes in RUBI. Voya Investment Management LLC lifted its position in shares of The Rubicon Project by 29.6% in the 2nd quarter. Voya Investment Management LLC now owns 20,823 shares of the software maker’s stock valued at $107,000 after acquiring an additional 4,760 shares in the last quarter. American International Group Inc. lifted its position in shares of 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 in the last quarter. Teton Advisors Inc. lifted its position in shares of The Rubicon Project by 94.2% in the 2nd quarter. Teton Advisors Inc. now owns 23,500 shares of the software maker’s stock valued at $121,000 after acquiring an additional 11,400 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of The Rubicon Project in the 2nd quarter valued at approximately $143,000. Finally, Wells Fargo & Company MN lifted its position in shares of The Rubicon Project by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock valued at $158,000 after acquiring an additional 2,103 shares in the last quarter. 62.26% of the stock is owned by institutional investors and hedge funds.

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Shares of The Rubicon Project (RUBI) opened at $1.90 on Tuesday. The Rubicon Project has a one year low of $1.81 and a one year high of $9.16.

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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