PubMatic (PUBM) Expected to Announce Earnings on Thursday

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

PubMatic Price Performance

PUBM opened at $15.13 on Thursday. The company has a market cap of $722.76 million, a price-to-earnings ratio of 48.81 and a beta of 1.41. The firm has a 50 day simple moving average of $15.31 and a 200 day simple moving average of $15.32. PubMatic has a fifty-two week low of $13.18 and a fifty-two week high of $25.36.

Insiders Place Their Bets

In other PubMatic news, CEO Rajeev K. Goel sold 25,000 shares of PubMatic stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.31, for a total transaction of $407,750.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mukul Kumar sold 7,000 shares of PubMatic stock in a transaction on Monday, February 10th. The stock was sold at an average price of $16.51, for a total value of $115,570.00. Following the sale, the insider now owns 52,005 shares in the company, valued at $858,602.55. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,111 shares of company stock worth $2,148,558. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.