Equities Analysts Set Expectations for PubMatic, Inc.’s Q3 2022 Earnings (NASDAQ:PUBM)

PubMatic, Inc. (NASDAQ:PUBMGet Rating) – Equities researchers at KeyCorp reduced their Q3 2022 EPS estimates for PubMatic in a research report issued on Sunday, July 31st. KeyCorp analyst J. Patterson now forecasts that the company will earn $0.06 per share for the quarter, down from their previous forecast of $0.11. The consensus estimate for PubMatic’s current full-year earnings is $0.64 per share. KeyCorp also issued estimates for PubMatic’s Q4 2022 earnings at $0.22 EPS.

PubMatic (NASDAQ:PUBMGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. PubMatic had a net margin of 23.74% and a return on equity of 21.35%. The business had revenue of $54.55 million during the quarter, compared to the consensus estimate of $54.63 million.

Other research analysts have also issued reports about the company. Jefferies Financial Group lowered PubMatic from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $23.00 in a research report on Tuesday, May 31st. Lake Street Capital initiated coverage on PubMatic in a report on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Raymond James reiterated a “maintains” rating on shares of PubMatic in a research note on Tuesday, July 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.10.

PubMatic Stock Performance

NASDAQ PUBM opened at $16.84 on Tuesday. PubMatic has a twelve month low of $14.73 and a twelve month high of $43.65. The stock has a market cap of $873.49 million, a price-to-earnings ratio of 16.84 and a beta of 0.87. The firm’s 50 day moving average price is $17.55 and its two-hundred day moving average price is $21.98.

Institutional Investors Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in PubMatic by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 2,682,842 shares of the company’s stock valued at $70,076,000 after purchasing an additional 325,631 shares in the last quarter. Fiera Capital Corp increased its holdings in PubMatic by 0.9% during the 1st quarter. Fiera Capital Corp now owns 1,437,350 shares of the company’s stock valued at $37,544,000 after purchasing an additional 13,349 shares in the last quarter. Royal Bank of Canada increased its holdings in PubMatic by 8.0% during the 1st quarter. Royal Bank of Canada now owns 1,181,482 shares of the company’s stock valued at $30,860,000 after purchasing an additional 87,549 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in PubMatic during the 1st quarter valued at $21,971,000. Finally, Renaissance Technologies LLC increased its holdings in PubMatic by 14.2% during the 1st quarter. Renaissance Technologies LLC now owns 776,900 shares of the company’s stock valued at $20,293,000 after purchasing an additional 96,346 shares in the last quarter. 37.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Amar K. Goel sold 1,736 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $20.03, for a total transaction of $34,772.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Amar K. Goel sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $15.93, for a total transaction of $382,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Amar K. Goel sold 1,736 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $20.03, for a total value of $34,772.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,937 shares of company stock worth $2,929,116. 1.20% of the stock is currently owned by company insiders.

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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