PubMatic, Inc. (NASDAQ:PUBM) Receives Average Rating of "Moderate Buy" from Analysts

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.71.

Several analysts recently issued reports on PUBM shares. Evercore ISI increased their price target on shares of PubMatic from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Jefferies Financial Group dropped their target price 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. Macquarie reiterated a "neutral" rating and issued a $19.00 target price on shares of PubMatic in a research note on Thursday, November 14th. B. Riley lowered their price target on shares of PubMatic from $31.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada lowered their price target on shares of PubMatic from $26.00 to $23.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 20th.

PubMatic Price Performance

NASDAQ:PUBM traded up $0.12 on Friday, hitting $15.95. 157,645 shares of the company's stock were exchanged, compared to its average volume of 465,040. The company has a market cap of $761.93 million, a P/E ratio of 51.06 and a beta of 1.39. The firm has a 50-day moving average price of $15.12 and a 200-day moving average price of $17.82. PubMatic has a 52 week low of $13.18 and a 52 week high of $25.36.

Insider Buying and Selling at PubMatic

In other PubMatic news, CEO Rajeev K. Goel sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $15.25, for a total value of $381,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Pantelick sold 4,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $14.45, for a total value of $57,800.00. Following the sale, the chief financial officer now owns 22,506 shares in the company, valued at approximately $325,211.70. This trade represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,869 shares of company stock valued at $1,525,262. Insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Founders Capital Management grew its holdings in shares of PubMatic by 100.0% in the 3rd quarter. Founders Capital Management now owns 2,000 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in PubMatic during the second quarter worth approximately $29,000. Price T Rowe Associates Inc. MD lifted its position in PubMatic by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company's stock worth $530,000 after acquiring an additional 1,561 shares during the last quarter. Versor Investments LP lifted its position in PubMatic by 8.2% during the second quarter. Versor Investments LP now owns 22,186 shares of the company's stock worth $451,000 after acquiring an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in PubMatic during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 64.26% of the company's stock.

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.