The Rubicon Project (NYSE:RUBI) Announces Earnings Results

The Rubicon Project (NYSE:RUBI) released its earnings results on Wednesday. The software maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06, Morningstar.com reports. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%. The firm had revenue of $37.87 million during the quarter, compared to analyst estimates of $35.65 million.

Shares of RUBI stock traded down $0.35 on Friday, hitting $9.98. The stock had a trading volume of 1,696,807 shares, compared to its average volume of 744,845. The Rubicon Project has a twelve month low of $3.00 and a twelve month high of $10.40. The firm has a market cap of $399.71 million, a price-to-earnings ratio of -11.74 and a beta of 1.70. 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 company has a fifty day simple moving average of $6.76.

A number of analysts have commented on the stock. ValuEngine raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. B. Riley initiated coverage on shares of The Rubicon Project in a report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 price target for the company. Finally, Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $7.42.

In related news, CFO David Day sold 25,256 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $6.22, for a total value of $157,092.32. Following the sale, the chief financial officer now directly owns 305,841 shares of the company’s stock, valued at approximately $1,902,331.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Addante sold 15,309 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $6.37, for a total transaction of $97,518.33. Following the completion of the sale, the director now directly owns 1,270,366 shares in the company, valued at $8,092,231.42. The disclosure for this sale can be found here. Insiders sold a total of 269,034 shares of company stock valued at $1,656,259 in the last three months. 10.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of RUBI. S Squared Technology LLC bought a new position in shares of The Rubicon Project during the first quarter valued at $514,000. Bailard Inc. bought a new stake in shares of The Rubicon Project during the first quarter worth $86,000. Fox Run Management L.L.C. bought a new stake in shares of The Rubicon Project during the second quarter worth $64,000. BlackRock Inc. lifted its position in shares of The Rubicon Project by 45.7% during the fourth quarter. BlackRock Inc. now owns 1,154,424 shares of the software maker’s stock worth $4,306,000 after purchasing an additional 362,122 shares during the last quarter. Finally, Laurion Capital Management LP lifted its position in shares of The Rubicon Project by 140.3% during the first quarter. Laurion Capital Management LP now owns 253,319 shares of the software maker’s stock worth $1,540,000 after purchasing an additional 147,896 shares during the last quarter. 63.36% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Story: When is a capital gain realized?

Earnings History for The Rubicon Project (NYSE:RUBI)

Receive News & Ratings for The Rubicon Project Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Rubicon Project and related companies with MarketBeat.com's FREE daily email newsletter.