PubMatic (PUBM) Set to Announce Quarterly Earnings on Tuesday

PubMatic (NASDAQ:PUBM) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect PubMatic to post earnings of ($0.11) per share for the quarter. Individual interested in listening to 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 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $78.19 million. During the same quarter last year, the business earned $0.24 earnings per share. PubMatic’s revenue was up 13.9% on a year-over-year basis. 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. PubMatic has a 52 week low of $10.92 and a 52 week high of $24.18. The stock has a market capitalization of $1.17 billion, a P/E ratio of 156.21 and a beta of 1.52. The stock’s fifty day moving average is $22.39 and its 200 day moving average is $17.79.

Insider Activity at PubMatic

In other PubMatic news, insider Paulina Klimenko sold 2,083 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $17.00, for a total transaction of $35,411.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paulina Klimenko sold 2,083 shares of PubMatic stock in a transaction on Friday, February 16th. The shares were 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 available at this link. Also, Chairman Amar K. Goel sold 3,454 shares of PubMatic stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.69, for a total transaction of $71,463.26. The disclosure for this sale can be found here. Insiders have sold 192,063 shares of company stock worth $4,110,143 over the last ninety days. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

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