PubMatic, Inc. (NASDAQ:PUBM – Get Rating) Chairman Amar K. Goel sold 2,345 shares of the company's stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $13.00, for a total value of $30,485.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

PubMatic Stock Up 0.8 %

PUBM stock opened at $14.19 on Thursday. PubMatic, Inc. has a twelve month low of $12.19 and a twelve month high of $31.85. The firm has a market cap of $745.91 million, a PE ratio of 18.19 and a beta of 0.81. The business has a 50 day moving average of $14.28 and a 200 day moving average of $16.65.

PubMatic (NASDAQ:PUBM – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. PubMatic had a return on equity of 17.48% and a net margin of 17.14%. The company had revenue of $64.50 million during the quarter, compared to analyst estimates of $66.88 million. On average, research analysts expect that PubMatic, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of PubMatic

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Lake Street Capital lowered their price target on PubMatic from $24.00 to $19.00 in a research report on Wednesday, November 9th. Evercore ISI decreased their target price on PubMatic to $18.00 in a research report on Tuesday, November 15th. Jefferies Financial Group decreased their target price on PubMatic from $16.00 to $15.00 in a research report on Thursday, December 15th. JMP Securities decreased their target price on PubMatic from $34.00 to $22.00 and set a "market outperform" rating for the company in a research report on Wednesday, November 9th. Finally, Royal Bank of Canada decreased their target price on PubMatic from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, November 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, PubMatic presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.63.

PubMatic Company Profile

(Get Rating)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles.

Read More

• Get a free copy of the StockNews.com research report on PubMatic (PUBM)
• Bloom Energy Powers Up After an Upgrade, is it Worth the Risk?
• Why Hershey Is a Sweet Recession Stock
• Will Amazon Stock Be Delivering for Investors in 2023?
• The Analysts Shift Trucking Sentiment Back into Forward
• The Institutions Book A Flight With Boeing

Receive News & Ratings for PubMatic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PubMatic and related companies with MarketBeat.com's FREE daily email newsletter.