PubMatic (PUBM) to Release Earnings on Tuesday

PubMatic (NASDAQ:PUBM - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect PubMatic to post earnings of ($0.11) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly 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. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $78.19 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company's revenue was up 13.9% on a year-over-year basis. On average, analysts expect PubMatic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PubMatic Trading Down 3.2 %

Shares of PUBM stock traded down $0.73 during trading hours on Tuesday, reaching $22.44. 282,247 shares of the company's stock were exchanged, compared to its average volume of 465,606. PubMatic has a 1 year low of $10.92 and a 1 year high of $24.18. The stock has a market cap of $1.12 billion, a PE ratio of 149.61 and a beta of 1.52. The stock's fifty day moving average price is $21.98 and its two-hundred day moving average price is $17.57.

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 that occurred on Friday, February 16th. The stock was sold at an average price of $17.00, for a total value of $35,411.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Mukul Kumar sold 7,000 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total transaction of $151,480.00. Following the completion of the transaction, the insider now directly owns 30,958 shares of the company's stock, valued at approximately $669,931.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paulina Klimenko sold 2,083 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $17.00, for a total value of $35,411.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,563 shares of company stock valued at $3,940,568. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PUBM. Royal Bank of Canada restated an "outperform" rating and set a $26.00 price target on shares of PubMatic in a research note on Monday, March 25th. B. Riley started coverage on PubMatic in a report on Friday, April 19th. They set a "buy" rating and a $27.00 target price for the company. Finally, JMP Securities lifted their target price on 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, PubMatic currently has an average rating of "Moderate Buy" and a consensus price target of $22.20.

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.