Equities research analysts expect The Rubicon Project, Inc. (NYSE:RUBI) to announce sales of $29.53 million for the current fiscal quarter, according to Zacks. 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 suggests a negative year over year growth rate of 59.4%. The company is expected to announce its next earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that The Rubicon Project will report full year sales of $29.53 million for the current financial year, with estimates ranging from $152.36 million to $153.74 million. For the next year, analysts expect that the company will post sales of $100.04 million per share, with estimates ranging from $98.18 million to $101.90 million. Zacks’ sales calculations are an 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 Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The company had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $39.38 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s quarterly revenue was down 41.9% compared to the same quarter last year.

A number of equities research analysts recently commented on RUBI shares. B. Riley restated a “hold” rating and issued a $5.00 price objective on shares of The Rubicon Project in a research report on Monday, October 23rd. Citigroup reduced their price objective on shares of The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Needham & Company LLC restated a “hold” rating on shares of The Rubicon Project in a research report on Friday, November 3rd. Finally, Craig Hallum upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Monday. 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 company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.61.

Several hedge funds have recently bought and sold shares of the company. Divisar Capital Management LLC lifted its position in shares of The Rubicon Project by 38.5% during the 2nd quarter. Divisar Capital Management LLC now owns 2,476,289 shares of the software maker’s stock valued at $12,728,000 after acquiring an additional 688,801 shares during the period. Sessa Capital IM L.P. lifted its position in shares of The Rubicon Project by 76.5% during the 3rd quarter. Sessa Capital IM L.P. now owns 2,262,748 shares of the software maker’s stock valued at $8,802,000 after acquiring an additional 980,420 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of The Rubicon Project by 9.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,045,001 shares of the software maker’s stock valued at $7,955,000 after acquiring an additional 178,210 shares during the period. Vanguard Group Inc. lifted its position in shares of The Rubicon Project by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,712,725 shares of the software maker’s stock valued at $8,802,000 after acquiring an additional 93,265 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of The Rubicon Project by 30.6% during the 3rd quarter. Citadel Advisors LLC now owns 935,350 shares of the software maker’s stock valued at $3,639,000 after acquiring an additional 218,914 shares during the period. Institutional investors own 62.37% of the company’s stock.

The Rubicon Project (NYSE RUBI) traded up $0.05 during midday trading on Tuesday, hitting $2.15. The company had a trading volume of 539,487 shares, compared to its average volume of 1,053,327. The Rubicon Project has a 52-week low of $1.68 and a 52-week high of $9.05. The stock has a market capitalization of $106.05, a price-to-earnings ratio of -0.69 and a beta of 1.25.

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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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