Analysts Set PubMatic, Inc. (NASDAQ:PUBM) Target Price at $19.11

Shares of PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.11.

A number of analysts recently commented on PUBM shares. Scotiabank dropped 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. Lake Street Capital decreased their target price on PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Royal Bank Of Canada lowered their target price on PubMatic from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd.

Insider Transactions at PubMatic

In related news, CFO Steven Pantelick sold 4,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $12.07, for a total value of $48,280.00. Following the sale, the chief financial officer now directly owns 27,026 shares in the company, valued at approximately $326,203.82. The trade was a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Andrew Woods sold 4,111 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 $38,273.41. Following the completion of the transaction, the general counsel now owns 39,509 shares of the company's stock, valued at $367,828.79. The trade was a 9.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,157 shares of company stock worth $1,124,437. 26.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after acquiring an additional 2,785 shares during the period. SBI Securities Co. Ltd. purchased a new stake in PubMatic during the 4th quarter worth about $27,000. Cubist Systematic Strategies LLC bought a new position in PubMatic in the 4th quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PubMatic in the 4th quarter worth about $57,000. Finally, Headlands Technologies LLC purchased a new position in PubMatic during the 1st quarter valued at about $69,000. Institutional investors own 64.26% of the company's stock.

PubMatic Price Performance

Shares of PUBM stock traded up $0.02 on Tuesday, hitting $11.08. The stock had a trading volume of 273,536 shares, compared to its average volume of 493,661. The business has a 50 day moving average of $10.73 and a 200 day moving average of $12.46. PubMatic has a 12-month low of $7.46 and a 12-month high of $22.99. The stock has a market cap of $537.71 million, a price-to-earnings ratio of 138.52 and a beta of 1.54.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $62.07 million. During the same quarter last year, the business posted ($0.05) EPS. The company's quarterly revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect 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.