PubMatic, Inc. (NASDAQ:PUBM) Given Consensus Rating of "Moderate Buy" by Brokerages

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.11.

Several equities analysts recently issued reports on PUBM shares. Royal Bank of Canada cut their price target on shares of PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Lake Street Capital dropped their price objective on shares of PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Scotiabank reduced their target price on PubMatic from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th.

Insider Buying and Selling

In other news, CFO Steven Pantelick sold 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $9.83, for a total value of $39,320.00. Following the completion of the sale, the chief financial officer now directly owns 27,026 shares of the company's stock, valued at $265,665.58. This represents a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rajeev K. Goel sold 25,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $11.80, for a total transaction of $295,000.00. Following the transaction, the chief executive officer now owns 8,297 shares of the company's stock, valued at approximately $97,904.60. This represents a 75.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,157 shares of company stock worth $1,124,437 over the last three months. 26.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PubMatic

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in 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 buying an additional 2,785 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of PubMatic in the fourth quarter valued at about $27,000. Cubist Systematic Strategies LLC acquired a new position in shares of PubMatic during the fourth quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PubMatic during the fourth quarter worth about $57,000. Finally, Headlands Technologies LLC acquired a new stake in PubMatic in the 1st quarter valued at approximately $69,000. Institutional investors own 64.26% of the company's stock.

PubMatic Price Performance

Shares of PubMatic stock opened at $11.26 on Tuesday. The company's fifty day moving average price is $10.59 and its two-hundred day moving average price is $12.52. The firm has a market capitalization of $546.41 million, a PE ratio of 36.32 and a beta of 1.54. PubMatic has a 52-week low of $7.46 and a 52-week high of $22.99.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). The business had revenue of $63.83 million during the quarter, compared to analyst estimates of $62.07 million. PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. Analysts predict that PubMatic will post 0.22 earnings per share for the current fiscal 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.

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