Rubicon Project (RUBI) Expected to Announce Quarterly Sales of $23.24 Million

Wall Street analysts predict that Rubicon Project (NYSE:RUBI) will report sales of $23.24 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Rubicon Project’s earnings, with the lowest sales estimate coming in at $22.49 million and the highest estimate coming in at $24.00 million. Rubicon Project posted sales of $45.38 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 48.8%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, May 3rd.

On average, analysts expect that Rubicon Project will report full year sales of $105.92 million for the current fiscal year, with estimates ranging from $98.18 million to $113.65 million. For the next fiscal year, analysts anticipate that the company will post sales of $130.64 million per share. Zacks’ sales averages are a mean average based on a survey of research firms that follow Rubicon Project.

Rubicon Project (NYSE:RUBI) last announced its earnings results on Wednesday, March 14th. The software maker reported ($0.37) earnings per share for the quarter. The business had revenue of $31.41 million during the quarter, compared to analyst estimates of $29.53 million. Rubicon Project had a negative net margin of 99.51% and a negative return on equity of 23.33%.

RUBI has been the topic of several recent analyst reports. ValuEngine upgraded Rubicon Project from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. SunTrust Banks upgraded Rubicon Project from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Finally, Craig Hallum raised Rubicon Project from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $4.95.

Several hedge funds have recently bought and sold shares of RUBI. The Manufacturers Life Insurance Company increased its holdings in shares of Rubicon Project by 20.0% during the 2nd 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 worth $7,955,000 after acquiring an additional 178,210 shares during the last quarter. Royce & Associates LP grew its holdings in Rubicon Project by 154.7% in the 3rd quarter. Royce & Associates LP now owns 234,817 shares of the software maker’s stock valued at $913,000 after buying an additional 142,617 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Rubicon Project by 308.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,706 shares of the software maker’s stock valued at $154,000 after buying an additional 29,985 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Rubicon Project by 42.2% in the 4th quarter. Fisher Asset Management LLC now owns 232,948 shares of the software maker’s stock valued at $436,000 after buying an additional 69,081 shares in the last quarter. 59.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rubicon Project stock traded down $0.07 during trading on Wednesday, hitting $2.16. 252,828 shares of the company were exchanged, compared to its average volume of 692,250. The firm has a market capitalization of $111.04, a P/E ratio of -1.95 and a beta of 1.15. Rubicon Project has a 1-year low of $1.48 and a 1-year high of $6.28.

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Rubicon Project Company Profile

The Rubicon Project, Inc provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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