Zacks: Analysts Anticipate The Rubicon Project Inc (NYSE:RUBI) Will Post Earnings of -$0.17 Per Share

Brokerages expect that The Rubicon Project Inc (NYSE:RUBI) will post earnings of ($0.17) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Rubicon Project’s earnings. The Rubicon Project posted earnings of ($0.06) per share during the same quarter last year, which would indicate a negative year over year growth rate of 183.3%. The firm is expected to issue its next earnings report on Wednesday, July 29th.

On average, analysts expect that The Rubicon Project will report full year earnings of ($0.30) per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.15 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last announced its earnings results on Wednesday, May 6th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.08. The firm had revenue of $36.30 million for the quarter, compared to the consensus estimate of $35.22 million. The Rubicon Project had a negative net margin of 14.10% and a negative return on equity of 14.34%.

Several research firms have issued reports on RUBI. SunTrust Banks decreased their price target on shares of The Rubicon Project from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, April 3rd. B. Riley decreased their price target on shares of The Rubicon Project from $10.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Craig Hallum decreased their price target on shares of The Rubicon Project from $14.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. ValuEngine upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Zacks Investment Research lowered shares of The Rubicon Project from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The Rubicon Project has a consensus rating of “Buy” and an average price target of $10.10.

In other news, insider Adam Lee Soroca sold 8,317 shares of The Rubicon Project stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.43, for a total transaction of $45,161.31. Following the sale, the insider now directly owns 435,983 shares in the company, valued at approximately $2,367,387.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Addante sold 25,000 shares of The Rubicon Project stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $5.04, for a total transaction of $126,000.00. Following the transaction, the director now directly owns 1,134,819 shares of the company’s stock, valued at $5,719,487.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,004 shares of company stock worth $1,148,144. 10.60% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in The Rubicon Project by 1.8% during the 4th quarter. Rhumbline Advisers now owns 57,611 shares of the software maker’s stock valued at $470,000 after purchasing an additional 1,032 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in The Rubicon Project by 6.7% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,530 shares of the software maker’s stock valued at $135,000 after purchasing an additional 1,040 shares during the last quarter. Creative Planning lifted its holdings in The Rubicon Project by 6.7% during the 4th quarter. Creative Planning now owns 27,725 shares of the software maker’s stock valued at $226,000 after purchasing an additional 1,746 shares during the last quarter. Bank of Montreal Can lifted its holdings in The Rubicon Project by 43.7% during the 4th quarter. Bank of Montreal Can now owns 6,184 shares of the software maker’s stock valued at $50,000 after purchasing an additional 1,881 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in The Rubicon Project by 216.0% during the 4th quarter. Quantbot Technologies LP now owns 3,571 shares of the software maker’s stock valued at $29,000 after purchasing an additional 2,441 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

NYSE RUBI opened at $5.17 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $563.26 million, a price-to-earnings ratio of -12.02 and a beta of 1.70. The company’s fifty day moving average is $5.68 and its two-hundred day moving average is $8.00. The Rubicon Project has a 52-week low of $4.09 and a 52-week high of $13.11.

The Rubicon Project Company Profile

The Rubicon Project, Inc, together with its subsidiaries, 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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