Equities Analysts Issue Forecasts for PubMatic, Inc.’s Q2 2022 Earnings (NASDAQ:PUBM)

PubMatic, Inc. (NASDAQ:PUBMGet Rating) – Equities research analysts at KeyCorp increased their Q2 2022 EPS estimates for PubMatic in a research report issued on Monday, May 9th. KeyCorp analyst J. Patterson now expects that the company will earn $0.07 per share for the quarter, up from their prior estimate of $0.05. KeyCorp currently has a “Overweight” rating and a $48.00 target price on the stock. KeyCorp also issued estimates for PubMatic’s Q4 2022 earnings at $0.34 EPS and FY2022 earnings at $0.60 EPS.

PubMatic (NASDAQ:PUBMGet Rating) last announced its quarterly earnings data on Monday, February 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.16. The firm had revenue of $75.56 million during the quarter, compared to analysts’ expectations of $75.34 million.

Several other analysts have also commented on the company. Zacks Investment Research raised PubMatic from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. Raymond James dropped their target price on PubMatic from $50.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, March 1st. JMP Securities dropped their target price on PubMatic from $64.00 to $49.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 1st. Finally, Royal Bank of Canada dropped their target price on PubMatic from $46.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, March 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PubMatic has a consensus rating of “Buy” and a consensus price target of $44.00.

PubMatic stock opened at $19.29 on Thursday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 19.10 and a beta of 0.53. PubMatic has a 52 week low of $18.30 and a 52 week high of $44.19. The business’s 50-day moving average price is $23.76 and its 200 day moving average price is $28.54.

In other news, insider Amar K. Goel sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $20.04, for a total value of $170,340.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mukul Kumar sold 1,012 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $27.74, for a total value of $28,072.88. Following the completion of the transaction, the insider now owns 5,048 shares in the company, valued at approximately $140,031.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,192 shares of company stock worth $3,471,400. 89.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tyler Stone Wealth Management purchased a new position in shares of PubMatic in the fourth quarter valued at approximately $26,000. Spire Wealth Management purchased a new position in PubMatic during the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. purchased a new position in PubMatic during the fourth quarter worth approximately $38,000. Dark Forest Capital Management LP purchased a new position in PubMatic during the third quarter worth approximately $33,000. Finally, Parallel Advisors LLC purchased a new position in PubMatic during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 37.58% of the company’s stock.

PubMatic Company Profile (Get Rating)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles.

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Earnings History and Estimates for PubMatic (NASDAQ:PUBM)

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