PubMatic, Inc. (NASDAQ:PUBM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment 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 brokerages that have issued ratings on the stock in the last year is $19.89.

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

PubMatic Stock Performance

Shares of PUBM opened at $9.42 on Thursday. PubMatic has a 52 week low of $8.90 and a 52 week high of $25.36. The stock has a market capitalization of $457.12 million, a price-to-earnings ratio of 30.39 and a beta of 1.48. The stock has a fifty day moving average of $12.71 and a 200-day moving average of $14.35.

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

Insider Transactions at PubMatic

In other PubMatic news, insider Mukul Kumar sold 7,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00. Following the sale, the insider now directly owns 52,005 shares of the company’s stock, valued at $858,602.55. This represents a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajeev K. Goel sold 24,891 shares of PubMatic stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $15.14, for a total transaction of $376,849.74. Following the completion of the transaction, the chief executive officer now owns 5,896 shares of the company’s stock, valued at $89,265.44. The trade was a 80.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,582 shares of company stock valued at $841,344 over the last ninety days. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pitcairn Co. boosted its position in shares of PubMatic by 7.3% during the 4th quarter. Pitcairn Co. now owns 21,654 shares of the company’s stock valued at $318,000 after acquiring an additional 1,477 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in PubMatic in the 4th quarter worth $27,000. Cubist Systematic Strategies LLC bought a new stake in shares of PubMatic in the 4th quarter valued at about $29,000. Principal Financial Group Inc. boosted its stake in shares of PubMatic by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company’s stock valued at $370,000 after purchasing an additional 2,234 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in PubMatic by 75.2% during the 4th 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. 64.26% of the stock is owned by institutional investors.

About PubMatic

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.