PubMatic (PUBM) Scheduled to Post Quarterly Earnings on Tuesday

PubMatic (NASDAQ:PUBM) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. PubMatic has set its Q3 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $67.27 million for the quarter, compared to the consensus estimate of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. On average, analysts expect PubMatic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PubMatic Price Performance

Shares of PubMatic stock opened at $14.35 on Tuesday. The business’s fifty day moving average price is $14.82 and its two-hundred day moving average price is $18.64. The company has a market capitalization of $711.53 million, a P/E ratio of 39.86 and a beta of 1.39. PubMatic has a 1-year low of $11.79 and a 1-year high of $25.36.

Insider Buying and Selling

In other news, CAO Lisa Gimbel sold 2,397 shares of PubMatic stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.66, for a total transaction of $32,743.02. Following the transaction, the chief accounting officer now owns 3,956 shares in the company, valued at approximately $54,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $14.03, for a total transaction of $56,120.00. Following the transaction, the chief financial officer now owns 22,506 shares in the company, valued at approximately $315,759.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lisa Gimbel sold 2,397 shares of PubMatic stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.66, for a total value of $32,743.02. Following the transaction, the chief accounting officer now owns 3,956 shares in the company, valued at $54,038.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,896 shares of company stock worth $1,263,213 in the last three months. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PUBM. Macquarie lowered their price target on PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. B. Riley lowered their price target on PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wolfe Research began coverage on PubMatic in a research report on Tuesday, July 16th. They set an “outperform” rating and a $25.00 price target on the stock. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group decreased their target price on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.