PubMatic (NASDAQ:PUBM) Issues Quarterly Earnings Results

PubMatic (NASDAQ:PUBM) released its quarterly earnings results on Thursday. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11), Zacks reports. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The firm had revenue of $85.50 million during the quarter, compared to the consensus estimate of $88.24 million. PubMatic updated its Q1 2025 guidance to EPS.

PubMatic Stock Down 2.9 %

NASDAQ:PUBM opened at $13.97 on Friday. The firm has a market capitalization of $667.30 million, a PE ratio of 45.06 and a beta of 1.41. PubMatic has a 12-month low of $13.18 and a 12-month high of $25.36. The firm has a 50-day moving average price of $15.11 and a 200 day moving average price of $15.18.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PUBM. Royal Bank of Canada decreased their price target on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Scotiabank initiated coverage on PubMatic in a research note on Thursday, December 5th. They set a “sector perform” rating and a $17.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Evercore ISI upped their price target on PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Macquarie restated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Insider Activity

In related news, CEO Rajeev K. Goel sold 25,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.31, for a total value of $407,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Andrew Woods sold 3,529 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total transaction of $52,370.36. Following the completion of the sale, the general counsel now owns 34,702 shares in the company, valued at $514,977.68. This represents a 9.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,111 shares of company stock worth $2,148,558. Company insiders own 2.90% of the company’s stock.

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.