PubMatic (NASDAQ:PUBM – Get Rating)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research report issued on Thursday, Benzinga reports. They presently have a $21.00 target price on the stock. JMP Securities’ price objective suggests a potential upside of 60.06% from the stock’s current price.
Several other equities analysts also recently commented on the stock. Jefferies Financial Group lowered their target price on shares of PubMatic from $16.00 to $15.00 in a report on Thursday, December 15th. Royal Bank of Canada dropped their target price on shares of PubMatic from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Oppenheimer lowered their price target on shares of PubMatic from $23.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Vertical Research lowered shares of PubMatic to a “neutral” rating in a research report on Tuesday, January 24th. Finally, Raymond James dropped their price objective on shares of PubMatic from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.14.
PubMatic Stock Down 1.0 %
Shares of PubMatic stock opened at $13.12 on Thursday. The company’s fifty day simple moving average is $14.81 and its two-hundred day simple moving average is $15.62. The firm has a market cap of $693.13 million, a PE ratio of 26.24 and a beta of 0.92. PubMatic has a 12-month low of $12.19 and a 12-month high of $28.30.
Institutional Investors Weigh In On PubMatic
Several hedge funds have recently modified their holdings of PUBM. Jasper Ridge Partners L.P. increased its holdings in shares of PubMatic by 3.6% during the 1st quarter. Jasper Ridge Partners L.P. now owns 15,032 shares of the company’s stock valued at $393,000 after acquiring an additional 524 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of PubMatic by 7.6% in the 2nd quarter. Verition Fund Management LLC now owns 11,554 shares of the company’s stock valued at $184,000 after buying an additional 819 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of PubMatic by 37.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,490 shares of the company’s stock valued at $55,000 after buying an additional 960 shares during the period. Aurora Investment Counsel increased its stake in shares of PubMatic by 2.3% in the 3rd quarter. Aurora Investment Counsel now owns 60,254 shares of the company’s stock valued at $1,002,000 after buying an additional 1,378 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of PubMatic by 12.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 13,199 shares of the company’s stock worth $219,000 after purchasing an additional 1,472 shares during the last quarter. 41.61% of the stock is owned by hedge funds and other institutional investors.
PubMatic Company Profile
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.
- Get a free copy of the StockNews.com research report on PubMatic (PUBM)
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
Receive News & Ratings for PubMatic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PubMatic and related companies with MarketBeat.com's FREE daily email newsletter.