RBC Capital Sticks to Their Buy Rating for PubMatic (PUBM)

In a report released today, Matthew Swanson from RBC Capital maintained a Buy rating on PubMatic (PUBM – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $22.78.

Swanson covers the Technology sector, focusing on stocks such as Adobe, Trade Desk, and PubMatic. According to TipRanks, Swanson has an average return of -2.7% and a 44.55% success rate on recommended stocks.

PubMatic has an analyst consensus of Moderate Buy, with a price target consensus of $25.50, implying an 11.94% upside from current levels. In a report released on April 19, B.Riley Financial also initiated coverage with a Buy rating on the stock with a $27.00 price target.

Based on PubMatic’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $84.6 million and a net profit of $18.7 million. In comparison, last year the company earned a revenue of $74.3 million and had a net profit of $12.78 million

Based on the recent corporate insider activity of 78 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.