The Rubicon Project Inc (NYSE:RUBI) Expected to Post Quarterly Sales of $35.65 Million

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Equities research analysts expect that The Rubicon Project Inc (NYSE:RUBI) will report $35.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for The Rubicon Project’s earnings, with estimates ranging from $35.10 million to $36.20 million. The Rubicon Project posted sales of $28.65 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The business is scheduled to report its next earnings results after the market closes on Wednesday, July 31st.

On average, analysts expect that The Rubicon Project will report full year sales of $148.28 million for the current year, with estimates ranging from $147.77 million to $148.78 million. For the next financial year, analysts expect that the business will post sales of $163.19 million, with estimates ranging from $161.66 million to $164.72 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last posted its earnings results on Wednesday, May 1st. The software maker reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $32.42 million during the quarter, compared to the consensus estimate of $31.20 million. The Rubicon Project had a negative return on equity of 23.77% and a negative net margin of 35.21%.

A number of research firms have recently commented on RUBI. B. Riley set a $15.00 target price on Marine Products and gave the company a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, ValuEngine downgraded Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.83.

In related news, insider Jonathan Feldman sold 40,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $6.11, for a total value of $244,400.00. Following the completion of the sale, the insider now directly owns 165,949 shares in the company, valued at $1,013,948.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frank Addante sold 15,309 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $6.37, for a total value of $97,518.33. Following the completion of the sale, the director now owns 1,270,366 shares of the company’s stock, valued at $8,092,231.42. The disclosure for this sale can be found here. Insiders have sold a total of 269,034 shares of company stock valued at $1,645,509 over the last quarter. Corporate insiders own 10.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisor Networks LLC bought a new stake in The Rubicon Project in the fourth quarter worth $46,000. 361 Capital LLC bought a new stake in The Rubicon Project in the first quarter worth $75,000. Bailard Inc. bought a new stake in The Rubicon Project in the first quarter worth $86,000. Weiss Asset Management LP bought a new stake in The Rubicon Project in the first quarter worth $128,000. Finally, WINTON GROUP Ltd bought a new stake in The Rubicon Project in the second quarter worth $143,000. Institutional investors own 63.30% of the company’s stock.

Shares of NYSE RUBI traded down $0.05 during midday trading on Friday, reaching $6.86. 730,585 shares of the stock traded hands, compared to its average volume of 856,244. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $357.77 million, a PE ratio of -8.07 and a beta of 1.70. The Rubicon Project has a one year low of $2.68 and a one year high of $7.50. The stock has a 50 day moving average of $6.03.

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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