PubMatic (PUBM) Set to Announce Quarterly Earnings on Tuesday

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

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.15. The company had revenue of $84.60 million for the quarter, compared to the consensus estimate of $78.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $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 Performance

Shares of NASDAQ:PUBM opened at $23.43 on Monday. The company has a market cap of $1.17 billion, a P/E ratio of 156.21 and a beta of 1.52. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $17.79. PubMatic has a 52-week low of $10.92 and a 52-week high of $24.18.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price target on shares of PubMatic in a research report on Monday, March 25th. B. Riley began 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 lifted their target price on PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Insider Buying and Selling

In related news, CEO Rajeev K. Goel sold 7,500 shares of PubMatic stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.61, for a total transaction of $169,575.00. Following the sale, the chief executive officer now directly owns 7,712 shares of the company’s stock, valued at $174,368.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PubMatic news, CEO Rajeev K. Goel sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.61, for a total transaction of $169,575.00. Following the completion of the transaction, the chief executive officer now owns 7,712 shares in the company, valued at $174,368.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paulina Klimenko sold 24,275 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $20.27, for a total transaction of $492,054.25. The disclosure for this sale can be found here. Insiders have sold a total of 192,063 shares of company stock valued at $4,110,143 over the last three months. 2.90% of the stock is owned by corporate insiders.

About PubMatic

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.