PubMatic, Inc. (NASDAQ:PUBM) Given Average Rating of “Hold” by Analysts

PubMatic, Inc. (NASDAQ:PUBM) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.1875.

Several research analysts recently commented on PUBM shares. Scotiabank cut their price target on PubMatic from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 12th. Evercore ISI lifted their price objective on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Rosenblatt Securities increased their target price on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. JMP Securities decreased their price target on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Finally, Lake Street Capital lowered shares of PubMatic from a “buy” rating to a “hold” rating and dropped their price target for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th.

Insider Activity

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $7.48, for a total value of $329,120.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven Pantelick sold 15,186 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $8.38, for a total transaction of $127,258.68. Following the transaction, the chief financial officer directly owned 27,026 shares of the company’s stock, valued at $226,477.88. The trade was a 35.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,519 shares of company stock valued at $2,113,730 over the last quarter. 26.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On PubMatic

Several large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in PubMatic by 37.4% in the 2nd quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock valued at $7,810,000 after buying an additional 171,106 shares during the period. State of Wyoming acquired a new stake in shares of PubMatic during the 1st quarter valued at $82,000. Acuitas Investments LLC purchased a new position in shares of PubMatic during the 2nd quarter valued at $1,822,000. Leibman Financial Services Inc. increased its stake in shares of PubMatic by 65.7% in the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company’s stock worth $1,302,000 after acquiring an additional 41,499 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of PubMatic during the second quarter worth $2,747,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Trading Down 3.5%

Shares of PUBM stock opened at $8.86 on Tuesday. The firm has a fifty day simple moving average of $8.62 and a 200-day simple moving average of $9.92. The company has a market capitalization of $411.28 million, a PE ratio of -46.63 and a beta of 1.49. PubMatic has a twelve month low of $7.01 and a twelve month high of $17.32.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $67.96 million for the quarter, compared to analyst estimates of $63.95 million. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. Equities research analysts predict that PubMatic will post 0.22 EPS for the current year.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.