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

PubMatic (NASDAQ:PUBM) announced its quarterly earnings data 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. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The business had revenue of $85.50 million during the quarter, compared to analyst estimates of $88.24 million. PubMatic updated its Q1 2025 guidance to EPS.

PubMatic Trading Down 2.9 %

PUBM stock opened at $13.97 on Friday. The firm has a 50-day moving average price of $15.11 and a 200-day moving average price of $15.18. PubMatic has a 12 month low of $13.18 and a 12 month high of $25.36. The stock has a market capitalization of $667.30 million, a P/E ratio of 45.06 and a beta of 1.41.

Insider Activity at PubMatic

In other news, General Counsel Andrew Woods sold 3,529 shares of the 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 transaction, the general counsel now directly owns 34,702 shares in the company, valued at approximately $514,977.68. This represents a 9.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Amar K. Goel sold 4,087 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total value of $60,651.08. Following the sale, the chairman now owns 14,044 shares in the company, valued at $208,412.96. This represents a 22.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,111 shares of company stock valued at $2,148,558. 2.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.