PubMatic (PUBM) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PubMatic in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PUBM shares.
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6 Wall Street analysts have issued 1 year target prices for PubMatic's shares. Their PUBM share price targets range from $16.00 to $27.00. On average, they predict the company's stock price to reach $22.20 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
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PubMatic's stock was trading at $16.31 at the beginning of 2024. Since then, PUBM stock has increased by 33.2% and is now trading at $21.73.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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PubMatic, Inc. (NASDAQ:PUBM) released its quarterly earnings data on Monday, February, 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The company earned $84.60 million during the quarter, compared to analysts' expectations of $78.19 million. PubMatic had a net margin of 3.33% and a trailing twelve-month return on equity of 3.29%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share.

ETFs with the largest weight of PubMatic (NASDAQ:PUBM) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD), First Trust Dow Jones Select Microcap Index Fund (FDM), SPDR FactSet Innovative Technology ETF (XITK), AOT Growth & Innovation ETF (AOTG) and Invesco Dorsey Wright Technology Momentum ETF (PTF).Global X Cloud Computing ETF (CLOU).

PubMatic updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $61.0 million-$63.0 million, compared to the consensus revenue estimate of $58.2 million.

PubMatic (PUBM) raised $100 million in an initial public offering on Wednesday, December 9th 2020. The company issued 5,900,000 shares at a price of $16.00-$18.00 per share. Jefferies and RBC Capital Markets acted as the underwriters for the IPO and JMP Securities, Keybanc Capital Markets, Oppenheimer & Co. and Raymond James Securities were co-managers.

PubMatic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.12%), Counterpoint Mutual Funds LLC (0.06%), Harbour Capital Advisors LLC (0.02%) and Guinness Atkinson Asset Management Inc (0.00%). Insiders that own company stock include Amar K Goel, Amar K Goel, Andrew Woods, August Capital Management V, L, Cathleen Black, Cnh Capital Co Ltd, Der Zweep Michael Van, Howard Hartenbaum, Jeffrey K Hirsch, Mukul Kumar, Paulina Klimenko, Rajeev K Goel, Rajeev K Goel, Steven Pantelick, Susan Daimler, Thomas C Chow and Thomas C Chow.
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Shares of PUBM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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