Equities analysts predict that The Rubicon Project Inc (NYSE:RUBI) will announce earnings of ($0.30) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for The Rubicon Project’s earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.29). The Rubicon Project reported earnings per share of $0.37 in the same quarter last year, which suggests a negative year-over-year growth rate of 181.1%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, March 14th.
On average, analysts expect that The Rubicon Project will report full-year earnings of ($2.55) per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of ($1.28) per share, with EPS estimates ranging from ($1.39) to ($1.17). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover The Rubicon Project.
A number of equities research analysts have commented on the company. ValuEngine raised The Rubicon Project from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Craig Hallum raised The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research note on Friday, November 3rd. Citigroup reduced their price objective on The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, B. Riley reissued a “hold” rating and issued a $3.00 price objective on shares of The Rubicon Project in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.61.
Large investors have recently made changes to their positions in the stock. Algert Global LLC purchased a new position in shares of The Rubicon Project during the third quarter valued at approximately $794,000. Dimensional Fund Advisors LP boosted its position in shares of The Rubicon Project by 83.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock valued at $9,596,000 after buying an additional 846,857 shares during the last quarter. Commonwealth Equity Services Inc purchased a new position in shares of The Rubicon Project during the third quarter valued at approximately $368,000. Schwab Charles Investment Management Inc. boosted its position in shares of The Rubicon Project by 24.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 181,033 shares of the software maker’s stock valued at $931,000 after buying an additional 35,688 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of The Rubicon Project during the second quarter valued at approximately $297,000. 61.99% of the stock is currently owned by institutional investors.
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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