PubMatic, Inc. to Post Q2 2024 Earnings of ($0.03) Per Share, B. Riley Forecasts (NASDAQ:PUBM)

PubMatic, Inc. (NASDAQ:PUBM) – Investment analysts at B. Riley issued their Q2 2024 earnings per share estimates for shares of PubMatic in a research report issued to clients and investors on Thursday, April 18th. B. Riley analyst Z. Cummins forecasts that the company will post earnings of ($0.03) per share for the quarter. B. Riley currently has a “Buy” rating and a $27.00 target price on the stock. The consensus estimate for PubMatic’s current full-year earnings is $0.17 per share. B. Riley also issued estimates for PubMatic’s Q3 2024 earnings at ($0.03) EPS.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $78.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price target on shares of PubMatic in a report on Monday, March 25th. JMP Securities lifted their price target on shares of PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PubMatic has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

PubMatic Trading Up 0.3 %

NASDAQ:PUBM opened at $21.61 on Monday. The stock has a market capitalization of $1.08 billion, a PE ratio of 144.08 and a beta of 1.52. The firm’s 50 day moving average is $21.05 and its 200 day moving average is $17.04. PubMatic has a 12 month low of $10.92 and a 12 month high of $24.18.

Insider Buying and Selling at PubMatic

In other PubMatic news, insider Paulina Klimenko sold 2,083 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $17.00, for a total transaction of $35,411.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other PubMatic news, insider Paulina Klimenko sold 2,083 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $17.00, for a total transaction of $35,411.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mukul Kumar sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $21.64, for a total transaction of $151,480.00. Following the sale, the insider now directly owns 30,958 shares in the company, valued at approximately $669,931.12. The disclosure for this sale can be found here. Insiders have sold 184,563 shares of company stock valued at $3,940,568 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in shares of PubMatic during the 4th quarter valued at $26,000. Lazard Asset Management LLC purchased a new position in shares of PubMatic during the 2nd quarter valued at $46,000. Guinness Atkinson Asset Management Inc grew its position in shares of PubMatic by 48.6% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after purchasing an additional 992 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of PubMatic by 225.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,674 shares of the company’s stock valued at $44,000 after purchasing an additional 2,546 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of PubMatic during the 4th quarter valued at $65,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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.