Lake Street analyst Eric Martinuzzi maintained a Buy rating on PubMatic (PUBM – Research Report) today and set a price target of $17.00. The company’s shares closed yesterday at $18.56.
According to TipRanks, Martinuzzi is a 4-star analyst with an average return of 9.0% and a 51.53% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as Genius Sports Limited, Brightcove, and DHI Group.
In addition to Lake Street, PubMatic also received a Buy from RBC Capital’s Matthew Swanson in a report issued on August 3. However, today, Macquarie downgraded PubMatic (NASDAQ: PUBM) to a Hold.
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PUBM market cap is currently $964M and has a P/E ratio of 60.05.
Based on the recent corporate insider activity of 75 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. Most recently, in June 2023, Pantelick Steven, the CFO of PUBM sold 15,000.00 shares for a total of $272,550.00.
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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.
Read More on PUBM:
- PubMatic Announces Second Quarter 2023 Financial Results
- PubMatic Unveils Holistic Commerce Media Offering with the Launch of Convert
- Brightcove enters agreement with PubMatic for ad monetization
- iQIYI Partners with PubMatic for Programmatic Technology Solutions
- PubMatic to Announce Second Quarter 2023 Financial Results On August 8, 2023
