PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.89.
PUBM has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $20.00 price objective on shares of PubMatic in a research note on Monday, January 27th. Lake Street Capital dropped their price objective on PubMatic from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Scotiabank dropped their price objective on PubMatic from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.
View Our Latest Report on PUBM
Insider Transactions at PubMatic
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PubMatic by 17.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,246 shares of the company’s stock valued at $1,384,000 after purchasing an additional 13,926 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in PubMatic in the fourth quarter valued at about $57,000. ProShare Advisors LLC purchased a new position in PubMatic in the fourth quarter valued at about $173,000. Nuveen Asset Management LLC grew its stake in PubMatic by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 436,076 shares of the company’s stock valued at $6,406,000 after purchasing an additional 4,603 shares in the last quarter. Finally, Millennium Management LLC grew its stake in PubMatic by 76.0% in the fourth quarter. Millennium Management LLC now owns 361,381 shares of the company’s stock valued at $5,309,000 after purchasing an additional 156,095 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.
PubMatic Price Performance
NASDAQ:PUBM opened at $9.48 on Friday. PubMatic has a 12-month low of $9.07 and a 12-month high of $25.36. The firm has a market capitalization of $460.04 million, a P/E ratio of 30.58 and a beta of 1.48. The business has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $14.82.
PubMatic (NASDAQ:PUBM – Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The business had revenue of $85.50 million for the quarter, compared to analyst estimates of $88.24 million. Research analysts anticipate that PubMatic will post 0.22 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.
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