PubMatic, Inc. (NASDAQ:PUBM) Holdings Lifted by US Bancorp DE

US Bancorp DE grew its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM) by 370.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,433 shares of the company’s stock after buying an additional 9,788 shares during the period. US Bancorp DE’s holdings in PubMatic were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in PubMatic in the 3rd quarter valued at approximately $51,000. BayBridge Capital Group LLC acquired a new position in shares of PubMatic during the third quarter valued at $387,000. International Assets Investment Management LLC increased its holdings in shares of PubMatic by 1,387.1% during the third quarter. International Assets Investment Management LLC now owns 5,205 shares of the company’s stock valued at $77,000 after purchasing an additional 4,855 shares during the period. Inspire Investing LLC raised its stake in shares of PubMatic by 57.6% during the third quarter. Inspire Investing LLC now owns 27,659 shares of the company’s stock valued at $411,000 after purchasing an additional 10,109 shares in the last quarter. Finally, Leibman Financial Services Inc. lifted its holdings in PubMatic by 19.4% in the third quarter. Leibman Financial Services Inc. now owns 48,459 shares of the company’s stock worth $721,000 after purchasing an additional 7,880 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Stock Performance

Shares of NASDAQ:PUBM opened at $15.63 on Friday. The company has a market capitalization of $774.94 million, a PE ratio of 51.03 and a beta of 1.39. The stock has a fifty day moving average of $14.90 and a 200-day moving average of $18.34. PubMatic, Inc. has a one year low of $13.18 and a one year high of $25.36.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. PubMatic had a return on equity of 5.98% and a net margin of 5.96%. The company had revenue of $71.79 million for the quarter, compared to analyst estimates of $66.14 million. As a group, research analysts forecast that PubMatic, Inc. will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on PUBM shares. B. Riley dropped their price target on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada dropped their target price on PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Jefferies Financial Group decreased their price target on PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Macquarie reissued a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a research note on Thursday. Finally, Raymond James lowered PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.71.

Insiders Place Their Bets

In related news, CFO Steven Pantelick sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $15.21, for a total transaction of $60,840.00. Following the transaction, the chief financial officer now directly owns 22,506 shares of the company’s stock, valued at approximately $342,316.26. The trade was a 15.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajeev K. Goel sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $15.25, for a total value of $381,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,391 shares of company stock worth $1,519,390. Company insiders own 2.90% of the company’s stock.

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.