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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.89.

Several research analysts recently commented on the company. Lake Street Capital reduced their target price on PubMatic from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Royal Bank of Canada cut their price objective on PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Scotiabank cut their price objective on PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

Insider Transactions at PubMatic

In other news, Chairman Amar K. Goel sold 4,446 shares of PubMatic stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total transaction of $41,392.26. Following the transaction, the chairman now owns 18,401 shares in the company, valued at $171,313.31. The trade was a 19.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mukul Kumar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $16.51, for a total value of $115,570.00. Following the completion of the sale, the insider now owns 52,005 shares in the company, valued at $858,602.55. The trade was a 11.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,210 shares of company stock worth $1,028,124. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PubMatic

Several institutional investors have recently bought and sold shares of PUBM. Leibman Financial Services Inc. raised its stake in shares of PubMatic by 11.5% during the 1st quarter. Leibman Financial Services Inc. now owns 63,184 shares of the company’s stock worth $577,000 after purchasing an additional 6,494 shares in the last quarter. Rhumbline Advisers raised its stake in shares of PubMatic by 2.3% during the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock worth $548,000 after purchasing an additional 1,341 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after purchasing an additional 2,785 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of PubMatic by 19.4% during the 4th quarter. Wellington Management Group LLP now owns 897,970 shares of the company’s stock worth $13,191,000 after purchasing an additional 145,641 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PubMatic by 17.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,246 shares of the company’s stock worth $1,384,000 after purchasing an additional 13,926 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

PubMatic Stock Performance

PubMatic stock opened at $8.98 on Thursday. The company has a 50-day simple moving average of $11.74 and a 200-day simple moving average of $14.05. The firm has a market capitalization of $435.77 million, a P/E ratio of 28.97 and a beta of 1.50. PubMatic has a one year low of $7.46 and a one year high of $25.36.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). The business had revenue of $85.50 million for the quarter, compared to the consensus estimate of $88.24 million. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. As a group, sell-side analysts forecast that PubMatic will post 0.22 earnings per share for the current year.

PubMatic Company Profile

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.