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.
Get PubMatic alerts: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
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in PubMatic in the third quarter valued at approximately $32,000. Ensign Peak Advisors Inc raised its stake in PubMatic by 37.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,490 shares of the company's stock valued at $55,000 after acquiring an additional 960 shares during the period. New York State Teachers Retirement System acquired a new stake in PubMatic during the 3rd quarter valued at $60,000. Lazard Asset Management LLC boosted its position in PubMatic by 236.0% during the third quarter. Lazard Asset Management LLC now owns 3,790 shares of the company's stock worth $63,000 after purchasing an additional 2,662 shares during the period. Finally, Motco acquired a new position in shares of PubMatic in the third quarter valued at $66,000. Institutional investors own 41.61% of the company's stock.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
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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.
Further Reading
- Get a free copy of the StockNews.com research report on PubMatic (PUBM)
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