Zions Bancorporation N.A. Purchases 2,076 Shares of PubMatic, Inc. (NASDAQ:PUBM)

Zions Bancorporation N.A. raised its position in PubMatic, Inc. (NASDAQ:PUBMFree Report) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,540 shares of the company’s stock after purchasing an additional 2,076 shares during the period. Zions Bancorporation N.A.’s holdings in PubMatic were worth $648,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PUBM. Advisor Group Holdings Inc. increased its position in shares of PubMatic by 78.8% during the first quarter. Advisor Group Holdings Inc. now owns 10,383 shares of the company’s stock worth $271,000 after acquiring an additional 4,575 shares in the last quarter. Raymond James & Associates increased its position in shares of PubMatic by 56.1% during the first quarter. Raymond James & Associates now owns 53,311 shares of the company’s stock worth $1,392,000 after acquiring an additional 19,153 shares in the last quarter. Citigroup Inc. increased its position in shares of PubMatic by 39.9% during the first quarter. Citigroup Inc. now owns 6,605 shares of the company’s stock worth $173,000 after acquiring an additional 1,883 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of PubMatic during the first quarter worth $1,682,000. Finally, Acadian Asset Management LLC increased its position in shares of PubMatic by 78.4% during the first quarter. Acadian Asset Management LLC now owns 15,160 shares of the company’s stock worth $393,000 after acquiring an additional 6,660 shares in the last quarter. Institutional investors own 39.80% of the company’s stock.

Analyst Upgrades and Downgrades

PUBM has been the subject of several research reports. Raymond James lowered their price objective on shares of PubMatic from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. TheStreet upgraded shares of PubMatic from a “d” rating to a “c-” rating in a research note on Friday, December 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PubMatic has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Read Our Latest Stock Analysis on PUBM

PubMatic Stock Performance

NASDAQ PUBM opened at $15.76 on Wednesday. The firm has a 50-day moving average of $16.13 and a 200-day moving average of $14.71. The stock has a market cap of $800.01 million, a PE ratio of 525.33 and a beta of 1.36. PubMatic, Inc. has a 52-week low of $10.92 and a 52-week high of $20.08.

PubMatic (NASDAQ:PUBMGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.11. PubMatic had a net margin of 1.15% and a return on equity of 1.53%. The company had revenue of $63.68 million during the quarter, compared to analysts’ expectations of $59.46 million. During the same quarter last year, the company posted $0.22 EPS. PubMatic’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that PubMatic, Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Rajeev K. Goel sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $15.29, for a total transaction of $114,675.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Rajeev K. Goel sold 7,500 shares of PubMatic stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $15.29, for a total transaction of $114,675.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Amar K. Goel sold 3,830 shares of PubMatic stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $17.05, for a total transaction of $65,301.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,930 shares of company stock valued at $1,426,635. 2.00% of the stock is owned by company insiders.

PubMatic Profile

(Free Report)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides custom management tools and performance optimization insights; Openwrap OTT, a prebid-powered unified bidding solution; and Openwrap SDK, an enterprise-grade management tools and analytics.

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Institutional Ownership by Quarter for PubMatic (NASDAQ:PUBM)

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