PubMatic (NASDAQ:PUBM) Issues Earnings Results, Misses Expectations By $0.11 EPS

PubMatic (NASDAQ:PUBM - Get Free Report) posted its earnings results on Thursday. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.11), Zacks reports. The company had revenue of $85.50 million during the quarter, compared to the consensus estimate of $88.24 million. PubMatic had a return on equity of 6.12% and a net margin of 5.96%. PubMatic updated its Q1 2025 guidance to EPS.

PubMatic Stock Down 3.1 %

Shares of NASDAQ PUBM traded down $0.33 during mid-day trading on Monday, reaching $10.30. 1,439,127 shares of the company were exchanged, compared to its average volume of 400,989. PubMatic has a 1 year low of $10.27 and a 1 year high of $25.36. The firm has a 50-day moving average of $15.01 and a 200 day moving average of $15.18. The stock has a market cap of $492.00 million, a price-to-earnings ratio of 33.23 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PUBM shares. Royal Bank of Canada lowered their price objective 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. Lake Street Capital decreased their price target on PubMatic from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Friday. JMP Securities reissued a "market outperform" rating and issued a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Evercore ISI increased their price target on PubMatic from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Scotiabank lowered their price objective on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.89.

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Insider Buying and Selling at PubMatic

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 transaction, the chief financial officer now owns 22,506 shares in the company, valued at $372,699.36. This represents a 15.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mukul Kumar sold 7,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $16.52, for a total transaction of $115,640.00. Following the completion of the transaction, the insider now directly owns 44,888 shares of the company's stock, valued at approximately $741,549.76. This represents a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,811 shares of company stock worth $1,620,261 over the last quarter. Insiders own 2.90% of the company's stock.

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.