Q2 2022 Earnings Estimate for PubMatic, Inc. (NASDAQ:PUBM) Issued By Jefferies Financial Group

PubMatic, Inc. (NASDAQ:PUBMGet Rating) – Analysts at Jefferies Financial Group upped their Q2 2022 EPS estimates for PubMatic in a research note issued on Tuesday, May 10th. Jefferies Financial Group analyst B. Thill now expects that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.02. Jefferies Financial Group also issued estimates for PubMatic’s Q3 2022 earnings at $0.27 EPS and FY2023 earnings at $1.34 EPS.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised PubMatic from a “sell” rating to a “hold” rating in a report on Friday. Raymond James decreased their price objective on PubMatic from $50.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 1st. Royal Bank of Canada decreased their price objective on PubMatic from $46.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 16th. KeyCorp decreased their price objective on PubMatic from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 1st. Finally, JMP Securities decreased their price objective on PubMatic from $64.00 to $49.00 and set a “market outperform” rating on the stock in a research report on Tuesday, March 1st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, PubMatic has an average rating of “Buy” and an average target price of $44.00.

PUBM stock opened at $22.28 on Thursday. The business has a fifty day moving average price of $23.65 and a 200 day moving average price of $28.37. PubMatic has a fifty-two week low of $18.30 and a fifty-two week high of $44.19. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 22.28 and a beta of 0.53.

PubMatic (NASDAQ:PUBMGet Rating) last released its quarterly earnings results on Monday, February 28th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.16. The business had revenue of $75.56 million for the quarter, compared to analyst estimates of $75.34 million.

In related news, CFO Steven Pantelick sold 2,501 shares of PubMatic stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $19.79, for a total value of $49,494.79. Following the sale, the chief financial officer now owns 10,051 shares of the company’s stock, valued at $198,909.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amar K. Goel sold 24,000 shares of PubMatic stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $29.85, for a total value of $716,400.00. The disclosure for this sale can be found here. Insiders sold a total of 143,693 shares of company stock worth $3,520,895 over the last 90 days. 89.50% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Tyler Stone Wealth Management bought a new stake in shares of PubMatic during the fourth quarter worth approximately $26,000. Spire Wealth Management bought a new stake in shares of PubMatic during the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. bought a new stake in shares of PubMatic during the fourth quarter worth approximately $38,000. Dark Forest Capital Management LP bought a new stake in shares of PubMatic in the third quarter valued at approximately $33,000. Finally, Parallel Advisors LLC bought a new stake in shares of PubMatic in the fourth quarter valued at approximately $44,000. Institutional investors own 37.58% of the company’s stock.

PubMatic Company Profile (Get Rating)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles.

See Also

Earnings History and Estimates for PubMatic (NASDAQ:PUBM)

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