PubMatic (PUBM) Scheduled to Post Quarterly Earnings on Tuesday

PubMatic (NASDAQ:PUBM) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect PubMatic to post earnings of $0.10 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The firm had revenue of $67.27 million during the quarter, compared to analysts’ expectations of $70.07 million. During the same quarter last year, the business earned ($0.11) earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts expect PubMatic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PubMatic Price Performance

NASDAQ PUBM opened at $15.61 on Friday. The business has a 50 day moving average price of $14.83 and a 200 day moving average price of $18.51. The company has a market capitalization of $773.94 million, a P/E ratio of 43.36 and a beta of 1.39. PubMatic has a 1-year low of $13.18 and a 1-year high of $25.36.

Insider Transactions at PubMatic

In related news, CAO Lisa Gimbel sold 2,397 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $13.66, for a total transaction of $32,743.02. Following the completion of the transaction, the chief accounting officer now owns 3,956 shares of the company’s stock, valued at approximately $54,038.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other PubMatic news, General Counsel Andrew Woods sold 2,710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.30, for a total transaction of $41,463.00. Following the completion of the sale, the general counsel now directly owns 26,739 shares in the company, valued at $409,106.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lisa Gimbel sold 2,397 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.66, for a total transaction of $32,743.02. Following the completion of the sale, the chief accounting officer now directly owns 3,956 shares of the company’s stock, valued at $54,038.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,788 shares of company stock worth $1,608,253 in the last three months. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

PUBM has been the topic of a number of research reports. Raymond James cut shares of PubMatic from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Macquarie dropped their price objective on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Wolfe Research initiated coverage on PubMatic in a report on Tuesday, July 16th. They set an “outperform” rating and a $25.00 target price on the stock. Royal Bank of Canada dropped their price target on PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group reduced their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

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.