The Rubicon Project Inc (RUBI) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.28. Analysts had a consensus of $0.03. The company posted revenue of $63.60 million in the period, compared to analysts expectations of $59.35 million. The company’s revenue was up 71.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on The Rubicon Project Inc. Citigroup Initiated The Rubicon Project Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $26.The Rubicon Project Inc was Initiated by Cantor Fitzgerald to “Buy” on Apr 5, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $26 .
The Rubicon Project Inc opened for trading at $19.47 and hit $19.7 on the upside on Monday, eventually ending the session at $19.67, with a gain of 1.55% or 0.3 points. The heightened volatility saw the trading volume jump to 6,94,149 shares. Company has a market cap of $928 M.
In a different news, on Apr 29, 2016, Todd L Tappin (CFO & COO) sold 12,368 shares at $19.47 per share price. According to the SEC, on Apr 22, 2016, David Day (Chief Accounting Officer) sold 1,000 shares at $19.90 per share price. On Apr 19, 2016, Lisa L Troe (director) sold 2,150 shares at $19.20 per share price, according to the Form-4 filing with the securities and exchange commission.
The Rubicon Project Inc. is a technology company that focuses to automate the buying and selling of advertising. The Company’s Advertising Automation Cloud platform provides user reach and a marketplace for the real time trading of digital advertising between buyers and sellers. Buyers of digital advertising use its platform to reach around 600 million Internet users globally on some of the sellers’ Websites and applications. Sellers of digital advertising use its platform for advertising while accessing a market of buyers representing advertiser brands around the world. Its Advertising Automation Cloud features applications for digital advertising sellers including Websites mobile applications and other digital media properties to sell advertising inventory; applications for buyers including advertisers agencies agency trading desks (ATDs) demand side platforms (DSPs) and ad networks to buy advertising inventory and a marketplace where such transactions are executed.