PubMatic (PUBM) Set to Announce Earnings on Tuesday

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

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $78.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. 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 PUBM opened at $23.17 on Tuesday. The stock’s fifty day moving average is $21.86 and its 200-day moving average is $17.49. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 154.48 and a beta of 1.52. PubMatic has a one year low of $10.92 and a one year high of $24.18.

Insider Transactions at PubMatic

In related news, CEO Rajeev K. Goel sold 98,600 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $20.70, for a total transaction of $2,041,020.00. Following the completion of the sale, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $155,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman Amar K. Goel sold 3,770 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $23.71, for a total value of $89,386.70. Following the completion of the transaction, the chairman now owns 2,640 shares in the company, valued at approximately $62,594.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajeev K. Goel sold 98,600 shares of PubMatic stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $20.70, for a total value of $2,041,020.00. Following the completion of the transaction, the chief executive officer now directly owns 7,500 shares in the company, valued at approximately $155,250. The disclosure for this sale can be found here. Insiders have sold 184,563 shares of company stock valued at $3,940,568 in the last quarter. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

PUBM has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price target on shares of PubMatic in a research note on Monday, March 25th. B. Riley initiated coverage on PubMatic in a report on Friday, April 19th. They set a “buy” rating and a $27.00 target price on the stock. Finally, JMP Securities increased 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.20.

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.