PubMatic, Inc. (NASDAQ:PUBM) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.89.

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

PubMatic Trading Down 2.6 %

NASDAQ:PUBM traded down $0.26 during trading hours on Monday, reaching $9.77. 528,726 shares of the company traded hands, compared to its average volume of 466,054. PubMatic has a 1 year low of $7.46 and a 1 year high of $25.36. The stock has a market capitalization of $474.11 million, a P/E ratio of 31.52 and a beta of 1.50. The business's 50-day moving average price is $9.87 and its two-hundred day moving average price is $13.52.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.11). PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The firm had revenue of $85.50 million for the quarter, compared to analysts' expectations of $88.24 million. As a group, equities analysts anticipate that PubMatic will post 0.22 EPS for the current year.

Insider Buying and Selling at PubMatic

In related news, CEO Rajeev K. Goel sold 24,891 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $15.14, for a total value of $376,849.74. Following the transaction, the chief executive officer now directly owns 5,896 shares of the company's stock, valued at approximately $89,265.44. The trade was a 80.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Pantelick sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.14, for a total transaction of $60,560.00. Following the sale, the chief financial officer now directly owns 22,506 shares of the company's stock, valued at approximately $340,740.84. This trade represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,210 shares of company stock valued at $1,028,124 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PubMatic

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in PubMatic by 23,208.3% in 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. SBI Securities Co. Ltd. purchased a new stake in shares of PubMatic in the fourth quarter worth about $27,000. Cubist Systematic Strategies LLC bought a new position in PubMatic during the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PubMatic during the 4th quarter valued at approximately $57,000. Finally, Tower Research Capital LLC TRC increased its stake in PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after acquiring an additional 2,240 shares during the last quarter. Institutional investors own 64.26% of the company's stock.

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.