Shares of PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) 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.
View Our Latest Report on PubMatic
Insider Buying and Selling at PubMatic
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 – Get Free Report) 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.
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