Q2 2022 EPS Estimates for PubMatic, Inc. (NASDAQ:PUBM) Lifted by Analyst

PubMatic, Inc. (NASDAQ:PUBMGet Rating) – Equities researchers at KeyCorp boosted their Q2 2022 earnings estimates for PubMatic in a research report issued to clients and investors on Monday, May 9th. KeyCorp analyst J. Patterson now forecasts that the company will post earnings of $0.07 per share for the quarter, up from their previous estimate of $0.05. KeyCorp has a “Overweight” rating and a $48.00 price objective on the stock. KeyCorp also issued estimates for PubMatic’s Q4 2022 earnings at $0.34 EPS and FY2022 earnings at $0.60 EPS.

Several other equities research analysts also recently weighed in on the stock. JMP Securities lowered their target price on shares of PubMatic from $64.00 to $49.00 and set a “market outperform” rating for the company in a research note on Tuesday, March 1st. Royal Bank of Canada lowered their target price on shares of PubMatic from $46.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. Raymond James lowered their target price on shares of PubMatic from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, March 1st. Finally, Zacks Investment Research upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $44.00.

Shares of NASDAQ:PUBM opened at $22.28 on Thursday. The firm’s 50 day simple moving average is $23.65 and its 200-day simple moving average is $28.37. PubMatic has a one year low of $18.30 and a one year high of $44.19. The firm has a market cap of $1.16 billion, a PE ratio of 22.28 and a beta of 0.53.

PubMatic (NASDAQ:PUBMGet Rating) last issued its earnings results on Monday, February 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.16. The company had revenue of $75.56 million for the quarter, compared to analysts’ expectations of $75.34 million.

In related news, insider Amar K. Goel sold 24,000 shares of the firm’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $29.85, for a total transaction of $716,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven Pantelick sold 30,000 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $21.66, for a total transaction of $649,800.00. The disclosure for this sale can be found here. Insiders have sold 143,693 shares of company stock valued at $3,520,895 over the last quarter. Insiders own 89.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in PubMatic by 14.2% in the first quarter. Renaissance Technologies LLC now owns 776,900 shares of the company’s stock valued at $20,293,000 after buying an additional 96,346 shares in the last quarter. Northern Trust Corp increased its holdings in PubMatic by 8.0% in the first quarter. Northern Trust Corp now owns 64,971 shares of the company’s stock valued at $1,697,000 after buying an additional 4,822 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in PubMatic in the first quarter valued at $5,233,000. Jasper Ridge Partners L.P. increased its holdings in PubMatic by 3.6% in the first quarter. Jasper Ridge Partners L.P. now owns 15,032 shares of the company’s stock valued at $393,000 after buying an additional 524 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in PubMatic by 4.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 289,910 shares of the company’s stock valued at $7,572,000 after buying an additional 11,392 shares in the last quarter. 37.58% of the stock is owned by institutional investors.

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.

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Earnings History and Estimates for PubMatic (NASDAQ:PUBM)

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