PubMatic, Inc. (NASDAQ:PUBM) Receives $19.89 Consensus PT from Analysts

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $19.89.

PUBM has been the subject of a number of analyst reports. Evercore ISI boosted their price target on PubMatic from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Macquarie restated a "neutral" rating and issued a $19.00 target price on shares of PubMatic in a research report on Thursday, November 14th. Scotiabank cut their price target on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. JMP Securities reiterated a "market outperform" rating and set a $20.00 price target on shares of PubMatic in a research report on Monday, January 27th. Finally, Lake Street Capital lowered their price objective on shares of PubMatic from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, February 28th.

Insider Transactions at PubMatic

In other PubMatic news, insider Mukul Kumar sold 7,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $16.52, for a total transaction of $115,640.00. Following the sale, the insider now directly owns 44,888 shares of the company's stock, valued at $741,549.76. The trade was a 13.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Amar K. Goel sold 4,087 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total transaction of $60,651.08. Following the transaction, the chairman now directly owns 14,044 shares of the company's stock, valued at $208,412.96. The trade was a 22.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,811 shares of company stock worth $1,554,021. Corporate insiders own 2.90% of the company's stock.

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Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 acquiring an additional 13,926 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PubMatic in the 4th quarter worth approximately $57,000. ProShare Advisors LLC bought a new stake in shares of PubMatic in the 4th quarter valued at $173,000. Nuveen Asset Management LLC increased its position in shares of PubMatic by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 436,076 shares of the company's stock worth $6,406,000 after buying an additional 4,603 shares during the period. Finally, Millennium Management LLC raised its stake in PubMatic by 76.0% during the fourth quarter. Millennium Management LLC now owns 361,381 shares of the company's stock worth $5,309,000 after buying an additional 156,095 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Trading Up 2.2 %

Shares of NASDAQ:PUBM traded up $0.22 on Friday, reaching $9.88. 379,106 shares of the company's stock were exchanged, compared to its average volume of 455,381. PubMatic has a twelve month low of $9.43 and a twelve month high of $25.36. The company has a fifty day moving average of $14.31 and a 200-day moving average of $14.95. The company has a market capitalization of $479.30 million, a price-to-earnings ratio of 31.83 and a beta of 1.48.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued 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 company had revenue of $85.50 million for the quarter, compared to analyst estimates of $88.24 million. As a group, equities research analysts forecast 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.