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.
Get PubMatic alerts: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
Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in PubMatic during the 3rd quarter valued at $32,000. Ensign Peak Advisors Inc boosted its stake in PubMatic by 37.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,490 shares of the company's stock valued at $55,000 after purchasing an additional 960 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in PubMatic during the 3rd quarter valued at $60,000. Lazard Asset Management LLC boosted its stake in PubMatic by 236.0% during the 3rd quarter. Lazard Asset Management LLC now owns 3,790 shares of the company's stock valued at $63,000 after purchasing an additional 2,662 shares during the last quarter. Finally, Motco purchased a new stake in PubMatic during the 3rd quarter valued at $66,000. 41.61% of the stock is currently owned by hedge funds and other institutional investors.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
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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.
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