PubMatic (PUBM) Expected to Announce Earnings on Thursday

PubMatic (NASDAQ:PUBM) is anticipated to post its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

PubMatic Price Performance

PUBM stock opened at $15.13 on Thursday. PubMatic has a 52-week low of $13.18 and a 52-week high of $25.36. The company’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $15.32. The firm has a market capitalization of $722.76 million, a P/E ratio of 48.81 and a beta of 1.41.

Insider Activity

In other news, insider Mukul Kumar sold 7,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00. Following the transaction, the insider now owns 52,005 shares in the company, valued at approximately $858,602.55. This trade represents a 11.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajeev K. Goel sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were 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. In the last 90 days, insiders have sold 138,111 shares of company stock worth $2,148,558. 2.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.