PubMatic (PUBM) Set to Announce Earnings on Tuesday

PubMatic (NASDAQ:PUBM) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect PubMatic to post earnings of ($0.11) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $78.19 million. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. PubMatic’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts expect PubMatic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PubMatic Stock Down 0.2 %

NASDAQ PUBM opened at $23.17 on Tuesday. The firm has a 50-day moving average price of $21.86 and a two-hundred day moving average price of $17.49. PubMatic has a 12-month low of $10.92 and a 12-month high of $24.18. The company has a market capitalization of $1.16 billion, a P/E ratio of 154.48 and a beta of 1.52.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PUBM shares. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price target on shares of PubMatic in a research report on Monday, March 25th. B. Riley started coverage on PubMatic in a research report on Friday, April 19th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, JMP Securities boosted their price target on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.20.

Insider Buying and Selling

In other PubMatic news, insider Paulina Klimenko sold 2,083 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $17.00, for a total transaction of $35,411.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Andrew Woods sold 3,220 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.16, for a total transaction of $74,575.20. Following the sale, the general counsel now owns 21,153 shares of the company’s stock, valued at approximately $489,903.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paulina Klimenko sold 2,083 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $17.00, for a total value of $35,411.00. The disclosure for this sale can be found here. Insiders sold a total of 184,563 shares of company stock worth $3,940,568 in the last ninety days. 2.90% of the stock is owned by insiders.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.