PubMatic (PUBM) Expected to Announce Earnings on Thursday

PubMatic (NASDAQ:PUBM - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $88.24 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

PubMatic Stock Performance

Shares of NASDAQ:PUBM traded down $0.27 during mid-day trading on Friday, hitting $14.52. 386,837 shares of the company traded hands, compared to its average volume of 312,076. The firm's 50 day simple moving average is $15.24 and its 200 day simple moving average is $15.28. The firm has a market cap of $693.62 million, a P/E ratio of 46.84 and a beta of 1.41. PubMatic has a 52-week low of $13.18 and a 52-week high of $25.36.

Analysts Set New Price Targets

A number of research firms have recently commented on PUBM. 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. Royal Bank of Canada decreased their price objective on shares of PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Macquarie reaffirmed a "neutral" rating and set a $19.00 target price on shares of PubMatic in a research report on Thursday, November 14th. Scotiabank started coverage on PubMatic in a research note on Thursday, December 5th. They set a "sector perform" rating and a $17.00 target price for the company. Finally, JMP Securities restated a "market outperform" rating and issued a $20.00 price target on shares of PubMatic in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, PubMatic has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Insider Buying and Selling

In related news, insider Mukul Kumar sold 7,000 shares of the 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 owns 44,888 shares in the company, valued at $742,447.52. This represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajeev K. Goel sold 25,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.31, for a total transaction of $407,750.00. The disclosure for this sale can be found here. Insiders have sold 138,111 shares of company stock worth $2,148,558 over the last ninety days. 2.90% of the stock is owned by 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.