PubMatic, Inc. (NASDAQ:PUBM – Get Rating) insider Jeffrey K. Hirsch sold 5,000 shares of the stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $13.90, for a total transaction of $69,500.00. Following the sale, the insider now directly owns 7,662 shares of the company's stock, valued at approximately $106,501.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Trading Down 0.4 %

NASDAQ PUBM opened at $14.19 on Friday. PubMatic, Inc. has a 12 month low of $12.19 and a 12 month high of $31.85. The stock has a 50 day moving average of $14.20 and a 200-day moving average of $16.61. The company has a market cap of $745.97 million, a PE ratio of 18.19 and a beta of 0.81.

PubMatic (NASDAQ:PUBM – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $64.50 million for the quarter, compared to analyst estimates of $66.88 million. PubMatic had a net margin of 17.14% and a return on equity of 17.48%. As a group, sell-side analysts predict that PubMatic, Inc. will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On PubMatic

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PUBM shares. Lake Street Capital lowered their target price on PubMatic from $24.00 to $19.00 in a report on Wednesday, November 9th. Oppenheimer set a $22.00 price objective on PubMatic in a report on Thursday, December 15th. Evercore ISI cut their target price on PubMatic to $18.00 in a research note on Tuesday, November 15th. Raymond James decreased their price target on shares of PubMatic from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday, November 9th. Finally, Royal Bank of Canada cut their price objective on shares of PubMatic from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, PubMatic currently has an average rating of "Moderate Buy" and a consensus price target 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.

Further Reading

• Get a free copy of the StockNews.com research report on PubMatic (PUBM)
• MarketBeat: Week in Review 01/09-01/13
• JPMorgan Chase Falls As Banks Brace For Recession
• Why is the Bed Bath & Beyond Stock Price up 261%?
• Roku Stock Price is Trending, Here's Why
• Carvana Stock Rally, Here's What You Need to Know

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.