PubMatic (PUBM) Scheduled to Post Earnings on Tuesday

PubMatic (NASDAQ:PUBM - Get Free Report) is set to issue its quarterly earnings data 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 wish to listen to the company's conference call can do so using this link.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $67.27 million during the quarter, compared to analysts' expectations of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. PubMatic's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned ($0.11) 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 Trading Up 3.6 %

NASDAQ PUBM traded up $0.51 on Tuesday, reaching $14.86. The company's stock had a trading volume of 156,228 shares, compared to its average volume of 460,340. PubMatic has a 52 week low of $11.79 and a 52 week high of $25.36. The firm has a market cap of $736.76 million, a PE ratio of 39.86 and a beta of 1.39. The business has a 50-day moving average price of $14.82 and a 200 day moving average price of $18.64.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wolfe Research started coverage on PubMatic in a research note on Tuesday, July 16th. They set an "outperform" rating and a $25.00 price objective for the company. Royal Bank of Canada reduced their target price on PubMatic from $26.00 to $23.00 and set an "outperform" rating on the stock in a report on Tuesday, August 20th. Jefferies Financial Group reduced their price target on shares of PubMatic from $26.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Raymond James cut shares of PubMatic from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Finally, Macquarie lowered their target price on PubMatic from $24.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PubMatic currently has an average rating of "Moderate Buy" and an average target price of $21.00.

Insider Activity

In other PubMatic news, CFO Steven Pantelick sold 12,831 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $14.31, for a total value of $183,611.61. Following the sale, the chief financial officer now owns 22,506 shares of the company's stock, valued at approximately $322,060.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Rajeev K. Goel sold 25,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $15.25, for a total transaction of $381,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven Pantelick sold 12,831 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $14.31, for a total value of $183,611.61. Following the completion of the transaction, the chief financial officer now owns 22,506 shares of the company's stock, valued at $322,060.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,896 shares of company stock worth $1,263,213. 2.90% of the stock is currently owned by company insiders.

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.