Jefferies resumed coverage on PubMatic with a new price target
$PUBM
Computer Software: Programming Data Processing
Technology
Jefferies resumed coverage of PubMatic with a rating of Hold and set a new price target of $15.00 from $16.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $20.00 → $22.00 | Outperform | Evercore ISI |
| 8/9/2024 | Outperform → Mkt Perform | Raymond James | |
| 7/16/2024 | $25.00 | Outperform | Wolfe Research |
| 4/19/2024 | $27.00 | Buy | B. Riley Securities |
| 8/9/2023 | Outperform → Perform | Oppenheimer | |
| 8/9/2023 | $23.00 → $16.00 | Outperform → Neutral | Macquarie |
| 4/13/2023 | $20.00 | Buy | B. Riley Securities |
| 12/15/2022 | $16.00 → $15.00 | Hold | Jefferies |
Delivered Q3 results ahead of guidanceDelivered revenue of $71.8 million, up 13% over Q3 2023; Revenue from omnichannel video up 25%; Gross profit was $46.3 million, up 23% over Q3 2023Net loss of $(0.9) million or (1)% margin; Adjusted EBITDA of $18.5 million or 26% margin; Repurchased 3.6 million shares year to date, representing 6.5% of fully diluted shares as of September 30, 2024 NO-HEADQUARTERS/REDWOOD CITY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today reported financial results for the third quarter ending September 30, 2024. "Our third quarter results ex
NO-HEADQUARTERS/REDWOOD CITY, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced that it will release its financial results for the quarter ended September 30, 2024 after market close on November 12, 2024. On that day, PubMatic will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company's financial results. Webcast Details What: PubMatic's Third Quarter 2024 Earnings WebcastWhen: Tuesday, November 12, 2024 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)Webcast: A live and archived webcast can be accessed from the News & E
Delivered revenue of $67.3 million, up 6% over Q2 2023; Revenue from omnichannel video up 19%; Gross profit was $42.1 million, up 10% over Q2 2023; Net income of $2.0 million or 3% margin; Adjusted EBITDA of $21.1 million or 31% margin; Monetized impressions grew 12% over Q2 2023; Supply Path Optimization represented more than 50% of total activity; Generated $11.9 million in cash from operating activities NO-HEADQUARTERS/REDWOOD CITY, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today reported financial results for the second quarter ending June 30, 2024. "We d
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NO-HEADQUARTERS/REDWOOD CITY, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- PubMatic (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, is pleased to announce the addition of two executives to its commerce media team. These strategic hires will play a crucial role in advancing PubMatic's Convert product and expanding its impact across the commerce media landscape. Tim Rogers, Vice President of Commerce Media, will report to Amar Goel, the company's Founder, Chairman, and Chief Innovation Officer, and lead PubMatic's global commerce media strategy, focusing on revenue growth and strengthening the company's market position. Rogers bring
REDWOOD CITY, Calif., Dec. 12, 2023 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced the appointment of Ramon Jones, Executive Vice President and Chief Marketing Officer of Nationwide Mutual Insurance Company, to the PubMatic Board of Directors. Jones brings over three decades of marketing and business operations leadership to his new role at PubMatic. "I've long admired PubMatic's mission and vision," said Jones. "I'm honored to join their Board of Directors and look forward to contributing to their success going forward. PubMatic's innovative approach to digital advertising re
NO-HEADQUARTERS/REDWOOD CITY, Calif., Aug. 30, 2023 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced two new appointments to the company's board of directors, Anton Hanebrink, Executive Vice President, Chief Corporate Strategy & Development Officer of Intuit Inc., and Nick Mehta, Chief Executive Officer of Gainsight, Inc. In addition, Cathie Black has decided to retire from the company's board of directors, effective on August 30, 2023. PubMatic is deeply grateful to Ms. Black for her years of service and wish her well in her retirement. "We are excited to welcome Anton and Nic
Evercore ISI reiterated coverage of PubMatic with a rating of Outperform and set a new price target of $22.00 from $20.00 previously
Raymond James downgraded PubMatic from Outperform to Mkt Perform
Wolfe Research initiated coverage of PubMatic with a rating of Outperform and set a new price target of $25.00
PHILADELPHIA and REDWOOD CITY, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Xumo, a streaming platform joint venture between Comcast and Charter, and PubMatic (NASDAQ:PUBM) an independent technology company delivering digital advertising's supply chain of the future, announced a partnership today to make Xumo's premium inventory programmatically available to advertisers via PubMatic. As the digital advertising ecosystem becomes more crowded and convoluted, advertisers are calling for the data-driven insights and signals necessary to optimize their media investment. With this collaboration, advertisers can unlock unprecedented reach and targeting capabilities across Xumo properties, strengthe
NO-HEADQUARTERS/REDWOOD CITY, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced that members of its management team are scheduled to participate at the following upcoming financial conferences. Details for the events are as follows: Wolfe Research Small and Mid-Cap Conference in New York on Wednesday, December 4, 2024Raymond James TMT and Consumer Conference in New York on Wednesday December 11, 2024 A live webcast of the Raymond James fireside chat will be available in the "Events" section of PubMatic's investor relations website at https://investors.pubm
Delivered Q3 results ahead of guidanceDelivered revenue of $71.8 million, up 13% over Q3 2023; Revenue from omnichannel video up 25%; Gross profit was $46.3 million, up 23% over Q3 2023Net loss of $(0.9) million or (1)% margin; Adjusted EBITDA of $18.5 million or 26% margin; Repurchased 3.6 million shares year to date, representing 6.5% of fully diluted shares as of September 30, 2024 NO-HEADQUARTERS/REDWOOD CITY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- PubMatic, Inc. (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today reported financial results for the third quarter ending September 30, 2024. "Our third quarter results ex
Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google reversed its long-standing plan to eliminate cookies in its Chrome browser due to industry and regulatory pushback. Advertisers and publishers use cookies and small text snippets to identify users and target ads. This decision follows objections from digital advertising companies and regulators to Google’s proposed alternative technologies. Ad-tech players protested, accusing Google of attempting to strengthen its monopoly in the space and making it more difficult for advertisers to track their ads’ performance. Instead of eliminating cookies, Google will now prompt Chrome users to decide whether to enable or disable cookies.
At Alphabet Inc (NASDAQ:GOOG), C is still for cookies. The parent company for Google has stirred up the digital advertising world with its unexpected decision to keep third-party cookies in its Chrome browser. After years of promising to phase out these tracking tools, the tech giant has decided to reverse its course, causing ripples throughout the industry. Analysts and insiders have been quick to weigh in on the implications of this surprising move, which has left many ad-tech players relieved and some a bit wary. The U-Turn Everyone Saw Coming Google retains cookies after numerous delays and mixed signals regarding its Privacy Sandbox initiative. The decision not to depreca
Wolfe Research analyst Shweta Khajuria initiates coverage on PubMatic (NASDAQ:PUBM) with a Outperform rating and announces Price Target of $25.