Analysts Set PubMatic, Inc. (NASDAQ:PUBM) Target Price at $21.00

by · The Cerbat Gem

Shares of PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $21.67.

A number of brokerages recently commented on PUBM. Raymond James cut shares of PubMatic from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Macquarie decreased their price target on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. B. Riley decreased their price target 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. Jefferies Financial Group decreased their price target on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, Wolfe Research started coverage on shares of PubMatic in a research note on Tuesday, July 16th. They set an “outperform” rating and a $25.00 price target on the stock.

Get Our Latest Analysis on PUBM

PubMatic Trading Down 2.9 %

Shares of NASDAQ PUBM opened at $15.61 on Monday. The stock has a market cap of $773.94 million, a price-to-earnings ratio of 43.36 and a beta of 1.39. PubMatic has a 52 week low of $13.18 and a 52 week high of $25.36. The company’s 50-day moving average price is $14.83 and its 200 day moving average price is $18.45.

PubMatic (NASDAQ:PUBM – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $67.27 million for the quarter, compared to analysts’ expectations of $70.07 million. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) EPS. As a group, research analysts expect that PubMatic will post 0.2 earnings per share for the current year.

Insider Transactions at PubMatic

In other news, CAO Lisa Gimbel sold 2,397 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $13.66, for a total transaction of $32,743.02. Following the transaction, the chief accounting officer now directly owns 3,956 shares in the company, valued at $54,038.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Lisa Gimbel sold 2,397 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $13.66, for a total value of $32,743.02. Following the transaction, the chief accounting officer now owns 3,956 shares in the company, valued at approximately $54,038.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew Woods sold 2,710 shares of the firm’s stock in a transaction that occurred 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 owns 26,739 shares in the company, valued at $409,106.70. 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 worth $1,608,253 in the last three months. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Redwood Wealth Management Group LLC purchased a new position in PubMatic in the second quarter valued at approximately $29,000. Founders Capital Management raised its holdings in PubMatic by 100.0% in the third quarter. Founders Capital Management now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Headlands Technologies LLC purchased a new position in PubMatic in the second quarter valued at approximately $38,000. New York State Teachers Retirement System purchased a new position in PubMatic in the third quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC raised its stake 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. Hedge funds and other institutional investors own 64.26% of the company’s stock.

PubMatic Company Profile

(Get Free Report

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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