International Assets Investment Management LLC Purchases 4,855 Shares of PubMatic, Inc. (NASDAQ:PUBM)

International Assets Investment Management LLC increased its position in PubMatic, Inc. (NASDAQ:PUBM) by 1,387.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,205 shares of the company’s stock after purchasing an additional 4,855 shares during the period. International Assets Investment Management LLC’s holdings in PubMatic were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Inspire Investing LLC purchased a new stake in shares of PubMatic in the 1st quarter worth approximately $1,249,000. Millennium Management LLC bought a new stake in PubMatic in the second quarter worth $6,582,000. Renaissance Technologies LLC grew its stake in shares of PubMatic by 28.8% in the second quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company’s stock worth $24,142,000 after acquiring an additional 265,700 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of PubMatic by 1,073.9% during the first quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock valued at $2,990,000 after acquiring an additional 115,300 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of PubMatic by 190.6% in the 2nd quarter. Sei Investments Co. now owns 70,129 shares of the company’s stock worth $1,424,000 after purchasing an additional 45,998 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

Insider Activity at PubMatic

In other PubMatic news, CAO Lisa Gimbel sold 2,397 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $13.66, for a total value of $32,743.02. Following the completion of the transaction, the chief accounting officer now directly owns 3,956 shares in the company, valued at approximately $54,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, General Counsel Andrew Woods sold 2,710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $15.30, for a total transaction of $41,463.00. Following the completion of the transaction, the general counsel now directly owns 26,739 shares in the company, valued at $409,106.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lisa Gimbel sold 2,397 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $13.66, for a total value of $32,743.02. Following the completion of the sale, the chief accounting officer now owns 3,956 shares in the company, valued at $54,038.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,788 shares of company stock valued at $1,608,253 over the last quarter. 2.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on PUBM. B. Riley dropped their target price on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Wolfe Research began coverage on PubMatic in a research note on Tuesday, July 16th. They set an “outperform” rating and a $25.00 target price on the stock. Raymond James lowered PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Jefferies Financial Group lowered their price target on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reduced their price objective on PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus price target of $21.00.

PubMatic Trading Up 1.5 %

Shares of PUBM stock opened at $16.08 on Friday. The stock has a market capitalization of $797.31 million, a price-to-earnings ratio of 44.19 and a beta of 1.39. PubMatic, Inc. has a twelve month low of $11.94 and a twelve month high of $25.36. The stock has a fifty day simple moving average of $14.81 and a two-hundred day simple moving average of $18.58.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $67.27 million for the quarter, compared to the consensus estimate of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted ($0.11) EPS. Research analysts predict that PubMatic, Inc. will post 0.2 EPS for the current fiscal 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.