PubMatic (PUBM) to Release Quarterly Earnings on Thursday

PubMatic (NASDAQ:PUBM) is expected to be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect PubMatic to post earnings of $0.37 per share and revenue of $88.24 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

PubMatic Price Performance

Shares of PubMatic stock opened at $14.64 on Tuesday. The stock has a market cap of $699.35 million, a price-to-earnings ratio of 47.23 and a beta of 1.41. The firm’s 50-day moving average is $15.20 and its 200 day moving average is $15.19. PubMatic has a 1 year low of $13.18 and a 1 year high of $25.36.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Steven Pantelick sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $16.56, for a total transaction of $66,240.00. Following the completion of the sale, the chief financial officer now owns 22,506 shares of the company’s stock, valued at $372,699.36. This represents a 15.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mukul Kumar sold 7,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.54, for a total transaction of $115,780.00. Following the sale, the insider now directly owns 44,888 shares of the company’s stock, valued at $742,447.52. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,111 shares of company stock valued at $2,148,558 in the last quarter. 2.90% of the stock is currently owned by 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.