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

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.00.

Several analysts recently commented on PUBM shares. Royal Bank of Canada reduced their target price on shares of PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Evercore ISI upped their target price on PubMatic from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Scotiabank initiated coverage on PubMatic in a research note on Thursday, December 5th. They set a "sector perform" rating and a $17.00 target price on the stock. JMP Securities restated a "market outperform" rating and issued a $20.00 price target on shares of PubMatic in a research note on Monday, January 27th. Finally, Macquarie reiterated a "neutral" rating and set a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th.

Insider Buying and Selling

In other news, CFO Steven Pantelick sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $16.56, for a total value of $66,240.00. Following the completion of the transaction, the chief financial officer now owns 22,506 shares of the company's stock, valued at $372,699.36. This represents a 15.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rajeev K. Goel sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $16.31, for a total transaction of $407,750.00. The disclosure for this sale can be found here. Insiders sold 139,489 shares of company stock valued at $2,168,677 over the last quarter. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On PubMatic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pitcairn Co. raised its position in shares of PubMatic by 7.3% during the fourth quarter. Pitcairn Co. now owns 21,654 shares of the company's stock worth $318,000 after acquiring an additional 1,477 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in PubMatic during the 4th quarter valued at approximately $27,000. Principal Financial Group Inc. lifted its position in shares of PubMatic by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock worth $370,000 after purchasing an additional 2,234 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after purchasing an additional 2,240 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of PubMatic by 0.9% during the fourth quarter. American Century Companies Inc. now owns 271,864 shares of the company's stock worth $3,994,000 after buying an additional 2,461 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Price Performance

PUBM stock traded down $0.10 during midday trading on Wednesday, reaching $15.70. 237,008 shares of the company were exchanged, compared to its average volume of 284,180. PubMatic has a one year low of $13.18 and a one year high of $25.36. The firm has a market capitalization of $749.99 million, a price-to-earnings ratio of 50.65 and a beta of 1.41. The business has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $15.44.

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.