PubMatic, Inc. (NASDAQ:PUBM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.20.

A number of research analysts have recently issued reports on PUBM shares. B. Riley upped their price target on PubMatic from $21.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of PubMatic in a research report on Monday, March 25th. Finally, JMP Securities lifted their price target on shares of PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 27th.

Insider Activity

In related news, CFO Steven Pantelick sold 8,876 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $23.71, for a total value of $210,449.96. Following the transaction, the chief financial officer now owns 16,833 shares of the company’s stock, valued at $399,110.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other PubMatic news, insider Paulina Klimenko sold 2,083 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $17.00, for a total transaction of $35,411.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Pantelick sold 8,876 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $23.71, for a total transaction of $210,449.96. Following the completion of the transaction, the chief financial officer now owns 16,833 shares of the company’s stock, valued at $399,110.43. The disclosure for this sale can be found here. Insiders sold 184,563 shares of company stock valued at $3,940,568 in the last quarter. 2.00% of the stock is currently owned by insiders.

Institutional Trading of PubMatic

Several institutional investors and hedge funds have recently modified their holdings of PUBM. Ancora Advisors LLC purchased a new stake in PubMatic in the 4th quarter worth $26,000. Guinness Atkinson Asset Management Inc lifted its holdings in PubMatic by 48.6% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock worth $37,000 after purchasing an additional 992 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in PubMatic by 225.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,674 shares of the company’s stock worth $44,000 after purchasing an additional 2,546 shares during the period. Lazard Asset Management LLC purchased a new stake in PubMatic during the 2nd quarter valued at approximately $46,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of PubMatic during the fourth quarter valued at approximately $65,000. 64.26% of the stock is currently owned by institutional investors.

PubMatic Stock Performance

PUBM stock opened at $21.57 on Thursday. PubMatic has a 52-week low of $10.92 and a 52-week high of $24.18. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 143.80 and a beta of 1.52. The firm has a 50 day moving average price of $20.81 and a 200-day moving average price of $16.86.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $78.19 million. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. PubMatic’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, sell-side analysts forecast that PubMatic will post 0.17 earnings per share for the current fiscal year.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.