PubMatic: Some Near-Term Headwinds Don't Impact Overall Growth Thesis [Seeking Alpha]
PubMatic, Inc. - Class A (PUBM)
Company Research
Source: Seeking Alpha
7min Summary PubMatic's stock declined due to missing Q2 guidance and a lowered 2024 outlook, but specific headwinds shouldn't overshadow its potential for stronger growth. Despite some setbacks, key business areas like omnichannel video, mobile app, and new customers showed solid growth, supporting a buy rating. Gross profit increased by 10%, with adjusted EBITDA at $21M and a 31% margin, indicating financial health. Underlying net retention of 117% shows potential for future growth. Valuation remains reasonable, with a market cap of $725M and a P/S ratio of 2.5x, making the stock an attractive buy despite recent declines. Sundry Photography Investment Thesis PubMatic ( NASDAQ: PUBM ) stock has declined in the wake of missing its Q2 guidance and also providing a lowered overall 2024 outlook. While this is impacting a possible return to growth thesis, the areas that have seen weaker performance were quite specific, with many other areas continuing to grow quite solidl
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PUBM
News
- PubMatic and DIGITS Agency Bring Advanced AdTech to Local Grocery and Convenience Stores [Yahoo! Finance]Yahoo! Finance
- PubMatic and DIGITS Agency Bring Advanced AdTech to Local Grocery and Convenience StoresGlobeNewswire
- Xumo and PubMatic Partner to Expand Programmatic Advertising [Yahoo! Finance]Yahoo! Finance
- Xumo and PubMatic Partner to Expand Programmatic AdvertisingGlobeNewswire
- Wall Street Analysts Believe PubMatic (PUBM) Could Rally 27.5%: Here's is How to Trade [Yahoo! Finance]Yahoo! Finance
PUBM
Earnings
- 11/12/24 - Beat
PUBM
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 4
- 11/13/24 - Form 144
- PUBM's page on the SEC website