Equities research analysts expect The Rubicon Project Inc (NYSE:RUBI) to announce $29.53 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for The Rubicon Project’s earnings, with the lowest sales estimate coming in at $28.84 million and the highest estimate coming in at $30.23 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 scheduled to issue its next quarterly earnings report after the market closes on Wednesday, March 14th.
According to Zacks, analysts expect that The Rubicon Project will report full-year sales of $29.53 million for the current fiscal year, with estimates ranging from $152.36 million to $153.74 million. For the next financial year, analysts anticipate that the business will report sales of $100.04 million per share, with estimates ranging from $98.18 million to $101.90 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover The Rubicon Project.
RUBI has been the subject of several recent analyst reports. ValuEngine upgraded shares of The Rubicon Project from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Craig Hallum raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a report on Friday, November 3rd. Citigroup reduced their target price on shares of The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, B. Riley reaffirmed a “hold” rating and issued a $3.00 price objective on shares of The Rubicon Project in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The Rubicon Project presently has a consensus rating of “Hold” and a consensus price target of $5.61.
Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in The Rubicon Project by 24.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 181,033 shares of the software maker’s stock worth $931,000 after purchasing an additional 35,688 shares during the period. Wells Fargo & Company MN raised its position in The Rubicon Project by 7.3% during the 2nd quarter. Wells Fargo & Company MN now owns 30,922 shares of the software maker’s stock worth $158,000 after buying an additional 2,103 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of The Rubicon Project by 6.7% in the 2nd quarter. Teachers Advisors LLC now owns 72,782 shares of the software maker’s stock valued at $374,000 after purchasing an additional 4,567 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of The Rubicon Project by 4.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 428,460 shares of the software maker’s stock valued at $2,202,000 after purchasing an additional 20,049 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of The Rubicon Project in the 2nd quarter valued at about $297,000. Institutional investors and hedge funds own 61.99% of the company’s stock.
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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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