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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat 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 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.00.

A number of research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of PubMatic from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. B. Riley started coverage on shares of PubMatic in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price objective on the stock.

Insider Buying and Selling at PubMatic

In other news, Chairman Amar K. Goel sold 3,770 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $23.71, for a total value of $89,386.70. Following the sale, the chairman now owns 2,640 shares of the company’s stock, valued at approximately $62,594.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Amar K. Goel sold 3,770 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $23.71, for a total transaction of $89,386.70. Following the completion of the sale, the chairman now directly owns 2,640 shares of the company’s stock, valued at approximately $62,594.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Pantelick sold 8,876 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $23.71, for a total value of $210,449.96. Following the completion of the transaction, the chief financial officer now directly owns 16,833 shares in the company, valued at approximately $399,110.43. The disclosure for this sale can be found here. Insiders have sold 72,268 shares of company stock valued at $1,607,834 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

Institutional Trading of PubMatic

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in PubMatic in the first quarter valued at about $107,000. Cornerstone Investment Partners LLC bought a new position in PubMatic during the first quarter worth about $222,000. SVB Wealth LLC bought a new position in PubMatic during the fourth quarter worth about $163,000. Harbour Capital Advisors LLC bought a new position in PubMatic during the first quarter worth about $266,000. Finally, Public Employees Retirement System of Ohio bought a new position in PubMatic during the third quarter worth about $142,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Price Performance

NASDAQ PUBM opened at $20.40 on Tuesday. The company’s 50 day simple moving average is $22.08 and its 200 day simple moving average is $19.86. PubMatic has a 12 month low of $10.92 and a 12 month high of $25.36. The company has a market capitalization of $1.02 billion, a P/E ratio of 97.15 and a beta of 1.44.

PubMatic (NASDAQ:PUBM) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The business had revenue of $66.70 million for the quarter, compared to the consensus estimate of $62.19 million. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. On average, analysts anticipate that PubMatic will post 0.24 earnings per share for the current year.

About PubMatic

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.