Equities research analysts predict that The Rubicon Project, Inc. (NYSE:RUBI) will announce sales of $47.12 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for The Rubicon Project’s earnings. The lowest sales estimate is $37.81 million and the highest is $53.30 million. The Rubicon Project posted sales of $60.60 million during the same quarter last year, which suggests a negative year-over-year growth rate of 22.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that The Rubicon Project will report full-year sales of $47.12 million for the current fiscal year, with estimates ranging from $171.49 million to $213.67 million. For the next financial year, analysts forecast that the business will post sales of $194.74 million per share, with estimates ranging from $173.82 million to $218.04 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.06. The Rubicon Project had a negative net margin of 20.28% and a negative return on equity of 1.15%. The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $47.98 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The firm’s revenue was down 34.1% compared to the same quarter last year.

Several analysts have commented on RUBI shares. TheStreet downgraded shares of The Rubicon Project from a “c” rating to a “d” rating in a report on Monday, April 17th. B. Riley restated a “neutral” rating and set a $5.50 target price on shares of The Rubicon Project in a report on Thursday, May 4th. Jefferies Group LLC restated a “hold” rating and set a $7.25 target price on shares of The Rubicon Project in a report on Monday, May 8th. ValuEngine downgraded shares of The Rubicon Project from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $6.00 target price on shares of The Rubicon Project in a report on Monday, June 5th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The Rubicon Project currently has a consensus rating of “Hold” and an average price target of $8.04.

Shares of The Rubicon Project (NYSE:RUBI) opened at 3.78 on Friday. The firm’s market cap is $185.40 million. The Rubicon Project has a 12-month low of $3.78 and a 12-month high of $9.80. The stock’s 50 day moving average is $4.93 and its 200-day moving average is $6.14.

Institutional investors have recently added to or reduced their stakes in the stock. Divisar Capital Management LLC boosted its position in The Rubicon Project by 82.4% in the first quarter. Divisar Capital Management LLC now owns 1,787,488 shares of the software maker’s stock valued at $10,528,000 after buying an additional 807,583 shares in the last quarter. Vanguard Group Inc. boosted its position in The Rubicon Project by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,619,460 shares of the software maker’s stock valued at $9,538,000 after buying an additional 146,748 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in The Rubicon Project by 121.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,019,934 shares of the software maker’s stock valued at $6,007,000 after buying an additional 559,275 shares in the last quarter. Norges Bank purchased a new position in The Rubicon Project during the fourth quarter valued at $7,260,000. Finally, Prescott Group Capital Management L.L.C. boosted its position in The Rubicon Project by 21.8% in the first quarter. Prescott Group Capital Management L.L.C. now owns 828,256 shares of the software maker’s stock valued at $4,878,000 after buying an additional 148,247 shares in the last quarter. 63.19% of the stock is owned by institutional investors and hedge funds.

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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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