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

RBC Capital analyst Matthew Swanson maintained a Buy rating on PubMatic (PUBM – Research Report) today and set a price target of $30.00. The company’s shares closed yesterday at $24.02.

According to TipRanks, Swanson is an analyst with an average return of -0.9% and a 48.57% success rate. Swanson covers the Technology sector, focusing on stocks such as PubMatic, Adobe, and Trade Desk.

In addition to RBC Capital, PubMatic also received a Buy from Lake Street’s Eric Martinuzzi in a report issued yesterday. However, on May 2, Jefferies maintained a Hold rating on PubMatic (NASDAQ: PUBM).

The company has a one-year high of $24.53 and a one-year low of $10.92. Currently, PubMatic has an average volume of 523.4K.

Based on the recent corporate insider activity of 79 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.