Wall Street analysts predict that The Rubicon Project Inc (NYSE:RUBI) will report $35.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for The Rubicon Project’s earnings, with the highest sales estimate coming in at $36.20 million and the lowest estimate coming in at $35.10 million. The Rubicon Project posted sales of $28.65 million during the same quarter last year, which suggests a positive year over year growth rate of 24.4%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that The Rubicon Project will report full year sales of $148.28 million for the current financial year, with estimates ranging from $147.77 million to $148.78 million. For the next year, analysts expect that the company will post sales of $163.19 million, with estimates ranging from $161.66 million to $164.72 million. Zacks’ sales calculations are an average based on a survey of research firms that cover The Rubicon Project.
The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. The company had revenue of $32.42 million during the quarter, compared to analyst estimates of $31.20 million. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%.
In related news, Director Frank Addante sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.96, for a total value of $74,500.00. Following the completion of the sale, the director now owns 1,282,866 shares of the company’s stock, valued at $7,645,881.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael G. Barrett sold 89,435 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $6.18, for a total transaction of $552,708.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,034 shares of company stock valued at $1,645,509. Company insiders own 10.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in shares of The Rubicon Project by 3.9% in the fourth quarter. Northern Trust Corp now owns 132,380 shares of the software maker’s stock valued at $494,000 after purchasing an additional 4,920 shares in the last quarter. Boston Partners grew its holdings in The Rubicon Project by 1.3% during the 1st quarter. Boston Partners now owns 448,576 shares of the software maker’s stock worth $2,727,000 after acquiring an additional 5,809 shares during the period. P.A.W. Capital Corp grew its holdings in The Rubicon Project by 2.9% during the 1st quarter. P.A.W. Capital Corp now owns 360,000 shares of the software maker’s stock worth $2,189,000 after acquiring an additional 10,000 shares during the period. Cetera Advisor Networks LLC acquired a new stake in The Rubicon Project during the 4th quarter worth $46,000. Finally, 361 Capital LLC acquired a new stake in The Rubicon Project during the 1st quarter worth $75,000. 63.30% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE RUBI traded down $0.05 during mid-day trading on Friday, hitting $6.86. 730,585 shares of the stock were exchanged, compared to its average volume of 856,244. The firm has a market cap of $357.77 million, a P/E ratio of -8.07 and a beta of 1.70. The firm’s fifty day moving average price is $6.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.25. The Rubicon Project has a twelve month low of $2.68 and a twelve month high of $7.50.
About The Rubicon Project
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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