PubMatic (PUBM) to Release Quarterly Earnings on Tuesday

PubMatic (NASDAQ:PUBM) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.15. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $78.19 million. During the same period in the previous year, the firm posted $0.24 EPS. PubMatic’s revenue was up 13.9% 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 Trading Up 1.4 %

PUBM stock opened at $23.43 on Friday. PubMatic has a 12-month low of $10.92 and a 12-month high of $24.18. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 156.21 and a beta of 1.52. The business’s 50-day moving average is $22.39 and its 200 day moving average is $17.72.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PUBM shares. B. Riley started coverage on shares of PubMatic in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price target on shares of PubMatic in a research report on Monday, March 25th. Finally, JMP Securities boosted their target price on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.20.

Insiders Place Their Bets

In other PubMatic news, CEO Rajeev K. Goel sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.61, for a total value of $169,575.00. Following the completion of the transaction, the chief executive officer now owns 7,712 shares in the company, valued at $174,368.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Paulina Klimenko sold 2,083 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajeev K. Goel sold 7,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.61, for a total transaction of $169,575.00. Following the sale, the chief executive officer now owns 7,712 shares of the company’s stock, valued at approximately $174,368.32. The disclosure for this sale can be found here. Insiders sold a total of 192,063 shares of company stock worth $4,110,143 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

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.