Wall Street brokerages forecast that The Rubicon Project Inc (NYSE:RUBI) will announce earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Rubicon Project’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.13. The Rubicon Project reported earnings per share of $0.03 in the same quarter last year, which would suggest a positive year over year growth rate of 300%. The business is expected to issue its next earnings report on Wednesday, February 26th.
On average, analysts expect that The Rubicon Project will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.10) to ($0.08). For the next year, analysts expect that the company will post earnings of $0.10 per share, with EPS estimates ranging from $0.07 to $0.13. Zacks’ EPS averages are a mean average based on a survey of analysts that cover The Rubicon Project.
A number of research firms have weighed in on RUBI. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective on shares of The Rubicon Project in a research report on Thursday, December 5th. Zacks Investment Research raised The Rubicon Project from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Friday, November 22nd. Stephens began coverage on The Rubicon Project in a research report on Monday, November 4th. They set an “overweight” rating and a $12.00 price objective for the company. Finally, ValuEngine cut The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd.
In other news, insider Adam Lee Soroca sold 5,037 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.57, for a total value of $38,130.09. Following the completion of the sale, the insider now directly owns 376,340 shares of the company’s stock, valued at approximately $2,848,893.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael G. Barrett sold 83,395 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.57, for a total value of $631,300.15. The disclosure for this sale can be found here. Insiders have sold a total of 180,209 shares of company stock valued at $1,406,522 over the last ninety days. 10.60% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of The Rubicon Project by 183.8% in the 2nd quarter. BlackRock Inc. now owns 3,288,527 shares of the software maker’s stock valued at $20,914,000 after buying an additional 2,129,580 shares during the period. Vanguard Group Inc. raised its holdings in The Rubicon Project by 18.5% during the second quarter. Vanguard Group Inc. now owns 2,344,984 shares of the software maker’s stock worth $14,914,000 after purchasing an additional 365,671 shares during the last quarter. Renaissance Technologies LLC raised its holdings in The Rubicon Project by 4.9% during the second quarter. Renaissance Technologies LLC now owns 1,457,889 shares of the software maker’s stock worth $9,272,000 after purchasing an additional 67,800 shares during the last quarter. State Street Corp raised its holdings in The Rubicon Project by 37.4% during the third quarter. State Street Corp now owns 1,088,673 shares of the software maker’s stock worth $9,482,000 after purchasing an additional 296,496 shares during the last quarter. Finally, United Services Automobile Association raised its holdings in The Rubicon Project by 28.0% during the second quarter. United Services Automobile Association now owns 837,830 shares of the software maker’s stock worth $5,329,000 after purchasing an additional 183,156 shares during the last quarter. 68.39% of the stock is 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.
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