PubMatic, Inc. (NASDAQ:PUBM – Get Rating) Chairman Amar K. Goel sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $17.22, for a total transaction of $688,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
PubMatic Stock Performance
PubMatic stock opened at $16.22 on Friday. The firm has a market cap of $841.40 million, a price-to-earnings ratio of 16.90 and a beta of 0.66. PubMatic, Inc. has a 1 year low of $14.73 and a 1 year high of $43.65. The firm’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $20.35.
PubMatic (NASDAQ:PUBM – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.07. The firm had revenue of $63.03 million for the quarter, compared to analyst estimates of $60.64 million. PubMatic had a net margin of 21.64% and a return on equity of 19.13%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. As a group, equities analysts predict that PubMatic, Inc. will post 0.68 EPS for the current fiscal year.
Hedge Funds Weigh In On PubMatic
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut their target price on shares of PubMatic from $23.00 to $20.00 in a report on Thursday, August 4th. Raymond James raised their target price on shares of PubMatic from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. KeyCorp cut shares of PubMatic to a “sector weight” rating in a report on Tuesday, August 9th. Lake Street Capital cut their target price on shares of PubMatic from $26.00 to $24.00 in a report on Tuesday, August 9th. Finally, JMP Securities cut their price target on PubMatic from $40.00 to $34.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.75.
PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles.
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