PubMatic (PUBM) Scheduled to Post Quarterly Earnings on Tuesday

PubMatic (NASDAQ:PUBM) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. PubMatic has set its Q3 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. The firm had revenue of $67.27 million for the quarter, compared to analyst estimates of $70.07 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 6.2% 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 Stock Down 1.8 %

Shares of PUBM opened at $14.35 on Tuesday. PubMatic has a 12-month low of $11.79 and a 12-month high of $25.36. The firm has a market capitalization of $711.53 million, a price-to-earnings ratio of 39.86 and a beta of 1.39. The stock’s 50-day moving average price is $14.82 and its 200 day moving average price is $18.64.

Insider Buying and Selling

In related news, CFO Steven Pantelick sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $14.03, for a total transaction of $56,120.00. Following the sale, the chief financial officer now directly owns 22,506 shares in the company, valued at $315,759.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other PubMatic news, CFO Steven Pantelick sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $14.03, for a total transaction of $56,120.00. Following the transaction, the chief financial officer now owns 22,506 shares of the company’s stock, valued at approximately $315,759.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew Woods sold 2,710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $15.30, for a total value of $41,463.00. Following the completion of the transaction, the general counsel now directly owns 26,739 shares in the company, valued at approximately $409,106.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,896 shares of company stock worth $1,263,213 in the last three months. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PUBM. Raymond James lowered PubMatic from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada lowered their price objective on PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Wolfe Research started coverage on PubMatic in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Macquarie lowered their price objective on PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Jefferies Financial Group lowered their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.