PubMatic (NASDAQ:PUBM) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS

PubMatic (NASDAQ:PUBM) issued its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11), Zacks reports. The company had revenue of $85.50 million for the quarter, compared to analysts’ expectations of $88.24 million. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. PubMatic updated its Q1 2025 guidance to EPS.

PubMatic Price Performance

PUBM stock traded down $3.34 on Friday, reaching $10.63. 1,866,036 shares of the company traded hands, compared to its average volume of 374,418. PubMatic has a one year low of $10.35 and a one year high of $25.36. The company has a market cap of $507.76 million, a P/E ratio of 34.29 and a beta of 1.41. The firm has a fifty day simple moving average of $15.01 and a 200-day simple moving average of $15.16.

Analyst Ratings Changes

PUBM has been the subject of several analyst reports. Lake Street Capital dropped their target price on PubMatic from $24.00 to $21.00 and set a “buy” rating for the company in a report on Friday. Macquarie reiterated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a report on Thursday, November 14th. Evercore ISI increased their price objective on PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada dropped their price objective on PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Scotiabank dropped their price objective on PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and an average target price of $19.89.

Insider Activity at PubMatic

In other PubMatic news, General Counsel Andrew Woods sold 3,529 shares of PubMatic stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total value of $52,370.36. Following the completion of the sale, the general counsel now owns 34,702 shares of the company’s stock, valued at approximately $514,977.68. This trade represents a 9.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mukul Kumar sold 7,000 shares of PubMatic stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.54, for a total value of $115,780.00. Following the completion of the sale, the insider now directly owns 44,888 shares of the company’s stock, valued at approximately $742,447.52. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,111 shares of company stock valued at $2,148,558 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

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.