PubMatic, Inc. (NASDAQ:PUBM) Receives $22.20 Consensus Price Target from Analysts

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.20.

A number of brokerages have weighed in on PUBM. JMP Securities boosted their price objective on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 27th. B. Riley initiated coverage on shares of PubMatic in a research note on Friday. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price on shares of PubMatic in a research note on Monday, March 25th.

Get Our Latest Report on PUBM

Insider Buying and Selling

In related news, insider Mukul Kumar sold 7,000 shares of PubMatic stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total value of $151,480.00. Following the sale, the insider now directly owns 30,958 shares in the company, valued at $669,931.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Mukul Kumar sold 7,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $21.64, for a total transaction of $151,480.00. Following the transaction, the insider now directly owns 30,958 shares of the company’s stock, valued at approximately $669,931.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paulina Klimenko sold 2,083 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $17.00, for a total transaction of $35,411.00. The disclosure for this sale can be found here. Insiders sold 184,563 shares of company stock valued at $3,940,568 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in shares of PubMatic in the third quarter valued at $3,701,000. Aptus Capital Advisors LLC acquired a new position in shares of PubMatic during the 3rd quarter valued at about $1,350,000. Guinness Atkinson Asset Management Inc increased its stake in shares of PubMatic by 48.6% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after acquiring an additional 992 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of PubMatic by 8.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 436,130 shares of the company’s stock worth $7,113,000 after acquiring an additional 35,286 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of PubMatic in the third quarter worth approximately $154,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Trading Up 0.3 %

PUBM stock opened at $21.61 on Thursday. The stock has a market cap of $1.08 billion, a P/E ratio of 144.08 and a beta of 1.52. PubMatic has a twelve month low of $10.92 and a twelve month high of $24.18. The company’s 50 day moving average is $21.05 and its two-hundred day moving average is $17.00.

PubMatic (NASDAQ:PUBMGet Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The firm had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $78.19 million. During the same period in the previous year, the company earned $0.24 earnings per share. PubMatic’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts predict that PubMatic will post 0.17 earnings per share for the current year.

PubMatic Company Profile

(Get 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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Analyst Recommendations for PubMatic (NASDAQ:PUBM)

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