EFG Asset Management North America Corp. Increases Holdings in PubMatic, Inc. (NASDAQ:PUBM)

EFG Asset Management North America Corp. increased its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,756 shares of the company's stock after acquiring an additional 49,133 shares during the period. EFG Asset Management North America Corp. owned about 0.28% of PubMatic worth $1,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of PubMatic during the fourth quarter worth $27,000. FMR LLC lifted its stake in PubMatic by 201.6% in the third quarter. FMR LLC now owns 4,053 shares of the company's stock valued at $60,000 after buying an additional 2,709 shares during the period. KLP Kapitalforvaltning AS bought a new position in PubMatic during the fourth quarter worth about $106,000. Intech Investment Management LLC bought a new stake in shares of PubMatic in the 3rd quarter valued at about $170,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PubMatic by 37.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,593 shares of the company's stock valued at $187,000 after acquiring an additional 3,461 shares during the period. Institutional investors own 64.26% of the company's stock.

PubMatic Stock Down 6.7 %

Shares of PUBM stock traded down $0.67 during trading hours on Friday, reaching $9.28. The company's stock had a trading volume of 490,404 shares, compared to its average volume of 442,347. PubMatic, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.36. The company has a market capitalization of $450.33 million, a price-to-earnings ratio of 29.94 and a beta of 1.48. The firm's 50 day simple moving average is $13.04 and its 200-day simple moving average is $14.46.

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PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.11). PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The company had revenue of $85.50 million during the quarter, compared to analyst estimates of $88.24 million. Sell-side analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Scotiabank reduced their price target on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Royal Bank of Canada cut their price target on PubMatic from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Lake Street Capital decreased their price objective on PubMatic from $24.00 to $21.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $20.00 price target on shares of PubMatic in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.89.

Insider Transactions at PubMatic

In related news, CFO Steven Pantelick sold 10,040 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total transaction of $148,993.60. Following the completion of the sale, the chief financial officer now owns 38,285 shares in the company, valued at approximately $568,149.40. This represents a 20.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Amar K. Goel sold 4,087 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total value of $60,651.08. Following the completion of the transaction, the chairman now owns 14,044 shares in the company, valued at approximately $208,412.96. The trade was a 22.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,811 shares of company stock worth $1,438,381. Company insiders own 2.90% of the company's stock.

PubMatic 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.