PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.89.
Several analysts have recently commented on the stock. Oppenheimer downgraded shares of PubMatic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. JMP Securities reduced their target price on shares of PubMatic from $21.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, August 10th. Royal Bank of Canada dropped their price target on shares of PubMatic from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Raymond James dropped their price target on shares of PubMatic from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Finally, Macquarie cut shares of PubMatic from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $16.00 in a research report on Wednesday, August 9th.
View Our Latest Analysis on PUBM
Insider Activity
In other news, CFO Steven Pantelick sold 8,805 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $11.83, for a total value of $104,163.15. Following the completion of the sale, the chief financial officer now owns 21,743 shares in the company, valued at approximately $257,219.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Steven Pantelick sold 8,805 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $11.83, for a total value of $104,163.15. Following the completion of the sale, the chief financial officer now owns 21,743 shares in the company, valued at approximately $257,219.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mukul Kumar sold 5,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $19.18, for a total transaction of $95,900.00. Following the completion of the sale, the insider now owns 6,228 shares of the company’s stock, valued at approximately $119,453.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,789 shares of company stock worth $1,400,120. 2.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Panagora Asset Management Inc. raised its stake in shares of PubMatic by 24.0% during the 1st quarter. Panagora Asset Management Inc. now owns 111,723 shares of the company’s stock worth $1,544,000 after acquiring an additional 21,659 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of PubMatic during the 1st quarter worth approximately $2,030,000. Graham Holdings Co raised its holdings in shares of PubMatic by 21.3% in the first quarter. Graham Holdings Co now owns 1,973,314 shares of the company’s stock worth $27,271,000 after buying an additional 346,503 shares during the last quarter. Assetmark Inc. increased its position in shares of PubMatic by 18.5% in the 1st quarter. Assetmark Inc. now owns 11,912 shares of the company’s stock valued at $165,000 after acquiring an additional 1,857 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of PubMatic by 1.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 405,365 shares of the company’s stock valued at $5,602,000 after acquiring an additional 6,173 shares during the period. Institutional investors own 39.80% of the company’s stock.
PubMatic Price Performance
Shares of PUBM stock opened at $12.03 on Friday. The company has a market capitalization of $624.00 million, a price-to-earnings ratio of 200.53 and a beta of 1.01. PubMatic has a one year low of $11.57 and a one year high of $20.08. The company’s fifty day moving average price is $13.59 and its 200-day moving average price is $15.34.
PubMatic (NASDAQ:PUBM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $63.33 million for the quarter, compared to the consensus estimate of $59.92 million. PubMatic had a net margin of 1.75% and a return on equity of 5.06%. Equities research analysts expect that PubMatic will post -0.17 earnings per share for the current fiscal year.
PubMatic Company Profile
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 custom management tools and performance optimization insights; Openwrap OTT, a prebid-powered unified bidding solution; and Openwrap SDK, an enterprise-grade management tools and analytics.
Read More
Receive News & Ratings for PubMatic Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PubMatic and related companies with MarketBeat.com’s FREE daily email newsletter.