Public Employees Retirement System of Ohio Takes Position in PubMatic, Inc. (NASDAQ:PUBM)

Public Employees Retirement System of Ohio purchased a new position in shares of PubMatic, Inc. (NASDAQ:PUBM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,700 shares of the company’s stock, valued at approximately $142,000.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP purchased a new position in shares of PubMatic in the 3rd quarter valued at about $3,701,000. Aptus Capital Advisors LLC acquired a new position in PubMatic during the third quarter valued at approximately $1,350,000. Guinness Atkinson Asset Management Inc lifted its position in PubMatic by 48.6% during the third quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after buying an additional 992 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of PubMatic during the third quarter valued at approximately $154,000. Finally, Bank of New York Mellon Corp raised its stake in shares of PubMatic by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 174,092 shares of the company’s stock valued at $2,107,000 after purchasing an additional 1,489 shares during the period. Institutional investors and hedge funds own 64.26% of the company’s stock.

Wall Street Analyst Weigh In

PUBM has been the subject of a number of research analyst reports. B. Riley lifted their price target on shares of PubMatic from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Royal Bank of Canada restated an “outperform” rating and issued a $26.00 price target on shares of PubMatic in a research note on Monday. TheStreet upgraded shares of PubMatic from a “d” rating to a “c-” rating in a research note on Friday, December 8th. Finally, JMP Securities boosted their target price on shares of PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, PubMatic presently has an average rating of “Moderate Buy” and an average target price of $22.20.

Insider Buying and Selling at PubMatic

In other PubMatic news, Chairman Amar K. Goel sold 2,574 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $15.97, for a total value of $41,106.78. Following the completion of the sale, the chairman now directly owns 3,454 shares of the company’s stock, valued at approximately $55,160.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PubMatic news, Chairman Amar K. Goel sold 2,574 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.97, for a total transaction of $41,106.78. Following the sale, the chairman now owns 3,454 shares in the company, valued at approximately $55,160.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mukul Kumar sold 3,466 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.97, for a total value of $55,352.02. Following the sale, the insider now owns 24,582 shares in the company, valued at approximately $392,574.54. The disclosure for this sale can be found here. In the last three months, insiders sold 171,153 shares of company stock valued at $3,312,918. 2.00% of the stock is owned by insiders.

PubMatic Stock Up 2.0 %

PUBM stock opened at $23.72 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of 158.13 and a beta of 1.50. The company has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $15.77. PubMatic, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $24.07.

PubMatic (NASDAQ:PUBM) last issued 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 company had revenue of $84.60 million during the quarter, compared to the consensus estimate of $78.19 million. During the same period in the prior year, the company earned $0.24 EPS. PubMatic’s revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that PubMatic, Inc. will post 0.17 EPS for the current year.

PubMatic 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.