RBC Capital analyst Matthew Swanson maintained a Buy rating on PubMatic (PUBM – Research Report) on February 23 and set a price target of $19.00. The company’s shares closed last Friday at $16.36.
According to TipRanks, Swanson is an analyst with an average return of -0.8% and a 50.54% success rate. Swanson covers the Technology sector, focusing on stocks such as Adobe, Trade Desk, and International Business Machines.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PubMatic with a $18.00 average price target.
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Based on PubMatic’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $63.68 million and a net profit of $1.77 million. In comparison, last year the company earned a revenue of $64.5 million and had a net profit of $3.33 million
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PUBM in relation to earlier this year.
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PubMatic (PUBM) Company Description:
PubMatic Inc is engaged in the digital advertising business. The company provides specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. The platform helps independent?app developers and publishers to control and maximize their?digital?advertising businesses.
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