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

PubMatic, Inc. (NASDAQ:PUBM) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.20.

Several research analysts have recently issued reports on PUBM shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of PubMatic in a report on Monday, March 25th. JMP Securities lifted their price objective on shares of PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 27th. Finally, B. Riley boosted their price objective on PubMatic from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

Insider Transactions at PubMatic

In related news, insider Mukul Kumar sold 7,000 shares of PubMatic stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total transaction of $151,480.00. Following the completion of the sale, the insider now owns 30,958 shares of the company’s stock, valued at $669,931.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Mukul Kumar sold 7,000 shares of the 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 owns 30,958 shares in the company, valued at approximately $669,931.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajeev K. Goel sold 98,600 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $20.70, for a total transaction of $2,041,020.00. Following the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $155,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,563 shares of company stock valued at $3,940,568. 2.00% of the stock is owned by insiders.

Institutional Trading of PubMatic

Several large investors have recently made changes to their positions in PUBM. Harbour Capital Advisors LLC bought a new position in shares of PubMatic in the 1st quarter valued at approximately $266,000. Counterpoint Mutual Funds LLC bought a new position in shares of PubMatic in the first quarter valued at approximately $685,000. Los Angeles Capital Management LLC acquired a new stake in shares of PubMatic in the first quarter worth $1,412,000. Wellington Management Group LLP lifted its stake in shares of PubMatic by 5.7% in the fourth quarter. Wellington Management Group LLP now owns 323,397 shares of the company’s stock worth $5,275,000 after buying an additional 17,497 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of PubMatic by 26.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 138,553 shares of the company’s stock worth $2,260,000 after buying an additional 29,072 shares during the period. Institutional investors own 64.26% of the company’s stock.

PubMatic Price Performance

PubMatic stock opened at $21.57 on Thursday. The company has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $16.86. PubMatic has a 12 month low of $10.92 and a 12 month high of $24.18. The company has a market cap of $1.08 billion, a PE ratio of 143.80 and a beta of 1.52.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $78.19 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts anticipate that PubMatic will post 0.17 earnings per share for the current year.

PubMatic Company 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.