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

PubMatic, Inc. (NASDAQ:PUBM) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research 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 analysts that have issued a report on the stock in the last year is $22.20.

Several brokerages have recently commented on PUBM. B. Riley began coverage on PubMatic in a research note on Friday. They set a “buy” rating and a $27.00 price target on the stock. JMP Securities boosted their price target on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a report on Tuesday, February 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price target on shares of PubMatic in a report on Monday, March 25th.

PubMatic Stock Up 2.6 %

Shares of PUBM stock opened at $22.17 on Thursday. The stock has a market capitalization of $1.11 billion, a PE ratio of 147.80 and a beta of 1.52. PubMatic has a 52-week low of $10.92 and a 52-week high of $24.18. The stock’s 50-day moving average price is $21.18 and its 200 day moving average price is $17.11.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data 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 return on equity of 3.29% and a net margin of 3.33%. The company had revenue of $84.60 million for the quarter, compared to analyst estimates of $78.19 million. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that PubMatic will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Rajeev K. Goel sold 98,600 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 7,500 shares in the company, valued at $155,250. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PubMatic news, CEO Rajeev K. Goel sold 25,978 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $23.16, for a total value of $601,650.48. Following the completion of the sale, the chief executive officer now owns 22,712 shares in the company, valued at approximately $526,009.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Insiders have sold a total of 184,563 shares of company stock worth $3,940,568 over the last quarter. 2.00% of the stock is owned by company insiders.

Institutional Trading of PubMatic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in PubMatic by 68.3% during the 3rd quarter. SG Americas Securities LLC now owns 16,838 shares of the company’s stock valued at $204,000 after purchasing an additional 6,834 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in shares of PubMatic by 76.9% in the third quarter. TFC Financial Management Inc. now owns 5,750 shares of the company’s stock valued at $70,000 after buying an additional 2,500 shares during the period. Bank of New York Mellon Corp boosted its holdings in PubMatic by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 174,092 shares of the company’s stock worth $2,107,000 after purchasing an additional 1,489 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in PubMatic by 47.7% during the third quarter. Principal Financial Group Inc. now owns 21,608 shares of the company’s stock worth $261,000 after purchasing an additional 6,981 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc raised 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 worth $37,000 after acquiring an additional 992 shares in the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

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.