Lake Street Releases a Buy Rating on PubMatic (PUBM)

In a report released today, Eric Martinuzzi from Lake Street assigned a Buy rating to PubMatic (PUBM – Research Report), with a price target of $27.00. The company’s shares closed yesterday at $23.64.

Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure. According to TipRanks, Martinuzzi has an average return of 3.9% and a 44.48% success rate on recommended stocks.

Currently, the analyst consensus on PubMatic is a Moderate Buy with an average price target of $25.50.

The company has a one-year high of $24.19 and a one-year low of $10.92. Currently, PubMatic has an average volume of 519.3K.

Based on the recent corporate insider activity of 77 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.