Equities analysts expect The Rubicon Project Inc (NYSE:RUBI) to announce sales of $38.76 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for The Rubicon Project’s earnings, with the lowest sales estimate coming in at $38.70 million and the highest estimate coming in at $38.82 million. The Rubicon Project reported sales of $29.73 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.4%. The business is scheduled to announce its next earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that The Rubicon Project will report full-year sales of $156.75 million for the current year, with estimates ranging from $156.39 million to $157.10 million. For the next year, analysts expect that the business will report sales of $178.05 million, with estimates ranging from $175.10 million to $181.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow The Rubicon Project.
The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. The Rubicon Project had a negative return on equity of 19.85% and a negative net margin of 26.05%. The company had revenue of $37.87 million for the quarter, compared to analysts’ expectations of $35.65 million.
In other news, Director Frank Addante sold 12,500 shares of The Rubicon Project stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $9.40, for a total transaction of $117,500.00. Following the sale, the director now owns 1,247,319 shares in the company, valued at $11,724,798.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jonathan Feldman sold 33,485 shares of The Rubicon Project stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $10.00, for a total value of $334,850.00. Following the sale, the general counsel now owns 106,369 shares in the company, valued at approximately $1,063,690. The disclosure for this sale can be found here. Insiders have sold 129,985 shares of company stock worth $961,400 in the last quarter. Insiders own 10.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in shares of The Rubicon Project during the second quarter worth about $25,000. Aperio Group LLC purchased a new position in shares of The Rubicon Project during the second quarter worth about $48,000. Fox Run Management L.L.C. purchased a new position in shares of The Rubicon Project during the second quarter worth about $64,000. Marshall Wace North America L.P. purchased a new position in shares of The Rubicon Project during the second quarter worth about $65,000. Finally, 361 Capital LLC purchased a new position in shares of The Rubicon Project during the first quarter worth about $75,000. 67.72% of the stock is currently owned by hedge funds and other institutional investors.
RUBI opened at $10.11 on Tuesday. The business’s 50-day simple moving average is $8.36 and its 200-day simple moving average is $6.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.08. The Rubicon Project has a one year low of $3.00 and a one year high of $10.85.
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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