|Bid||6.50 x 2200|
|Ask||7.02 x 800|
|Day's range||6.43 - 6.61|
|52-week range||6.43 - 32.07|
|Beta (5Y monthly)||2.03|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
With the Federal Reserve poised to continue hiking interest rates in an attempt to get inflation back under control, many stocks remain under pressure -- especially those that either don't yet turn a profit, or generate minimal profit as they spend heavily to promote expansion. Billy Duberstein (Marqeta): Fintech card-issuing platform Marqeta sold off hard immediately after its recent second-quarter earnings report.
Overall annual advertising spend is expected to reach $1 trillion within the next five years or so (up from about $780 billion this year). Digital advertising is climbing at a faster rate, though, and might account for at least three-quarters of total ad spending (compared to close to two-thirds today). After second-quarter 2022 financial updates, it looks like one emerging winner is PubMatic (NASDAQ: PUBM), while its peer Magnite (NASDAQ: MGNI) is faltering.
As a reminder, the comparisons you will see in the 10-Q as reported include the financial results of SpotX and SpringServe for Q2 2022, but do not include April 2021 SpotX results or Q2 2021 SpringServe, because those businesses were acquired April 30, 2021 and July 1, 2021 respectively. When we make comments referring to pro forma comparisons, we are including SpotX and SpringServe for the relevant pre-acquisition period in order to provide a like-to-like comparison. Please keep in mind as it relates to the SpotX and SpringServe acquisitions, prior quarterly results are estimated and unaudited.