Janney Montgomery Scott LLC purchased a new stake in PubMatic, Inc. (NASDAQ:PUBM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,503 shares of the company's stock, valued at approximately $379,000. Janney Montgomery Scott LLC owned 0.09% of PubMatic as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in PubMatic in the fourth quarter valued at approximately $27,000. JPMorgan Chase & Co. lifted its stake in PubMatic by 263.0% in the fourth quarter. JPMorgan Chase & Co. now owns 226,328 shares of the company's stock valued at $3,325,000 after buying an additional 163,979 shares during the period. Tower Research Capital LLC TRC lifted its stake in PubMatic by 75.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after buying an additional 2,240 shares during the period. Principal Financial Group Inc. lifted its stake in PubMatic by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock valued at $370,000 after buying an additional 2,234 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in PubMatic by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock valued at $22,531,000 after buying an additional 84,317 shares during the period. 64.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on PUBM shares. Royal Bank Of Canada dropped their price target on PubMatic from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Lake Street Capital decreased their price objective on PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, PubMatic presently has a consensus rating of "Moderate Buy" and an average price target of $19.11.
View Our Latest Research Report on PUBM
PubMatic Stock Performance
Shares of NASDAQ PUBM traded down $0.38 during midday trading on Monday, hitting $12.44. 376,990 shares of the stock traded hands, compared to its average volume of 494,549. The company has a market cap of $603.71 million, a PE ratio of 155.52 and a beta of 1.54. PubMatic, Inc. has a one year low of $7.46 and a one year high of $22.99. The business has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $12.04.
PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.18). PubMatic had a net margin of 1.90% and a return on equity of 1.99%. The firm had revenue of $63.83 million for the quarter, compared to the consensus estimate of $62.07 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company's revenue was down 4.3% compared to the same quarter last year. As a group, equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.
Insider Buying and Selling at PubMatic
In related news, CEO Rajeev K. Goel sold 33,001 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total transaction of $414,492.56. Following the completion of the sale, the chief executive officer owned 32,515 shares in the company, valued at approximately $408,388.40. This represents a 50.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven Pantelick sold 15,690 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $12.82, for a total value of $201,145.80. Following the sale, the chief financial officer owned 30,702 shares of the company's stock, valued at $393,599.64. This trade represents a 33.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,294 shares of company stock valued at $2,123,986 in the last three months. Insiders own 26.42% of the company's stock.
PubMatic Company Profile
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Free Report)
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.
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