PubMatic (PUBM) to Release Quarterly Earnings on Thursday

PubMatic (NASDAQ:PUBM) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $88.24 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

PubMatic Stock Up 0.8 %

PUBM opened at $14.64 on Tuesday. The company has a market capitalization of $699.35 million, a price-to-earnings ratio of 47.23 and a beta of 1.41. The firm has a 50-day moving average price of $15.20 and a 200-day moving average price of $15.19. PubMatic has a twelve month low of $13.18 and a twelve month high of $25.36.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Macquarie restated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th. Royal Bank of Canada cut their price objective on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Scotiabank started coverage on shares of PubMatic in a research report on Thursday, December 5th. They set a “sector perform” rating and a $17.00 target price for the company. Evercore ISI lifted their target price on shares of PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $20.00 price objective on shares of PubMatic in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, PubMatic currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Insider Buying and Selling

In other PubMatic news, General Counsel Andrew Woods sold 3,529 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total transaction of $52,370.36. Following the transaction, the general counsel now directly owns 34,702 shares of the company’s stock, valued at approximately $514,977.68. The trade was a 9.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Pantelick sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $16.56, for a total transaction of $66,240.00. Following the completion of the sale, the chief financial officer now directly owns 22,506 shares in the company, valued at $372,699.36. This represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,111 shares of company stock valued at $2,148,558 over the last three months. 2.90% of the stock is owned by company insiders.

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.