PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $21.00.
A number of equities research analysts recently weighed in on PUBM shares. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Wolfe Research assumed coverage on PubMatic in a report on Tuesday, July 16th. They set an “outperform” rating and a $25.00 target price on the stock. Royal Bank of Canada lowered their target price on PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Macquarie lowered their target price on PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Jefferies Financial Group lowered their target price on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, August 9th.
Get Our Latest Analysis on PUBM
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Redwood Wealth Management Group LLC purchased a new position in shares of PubMatic in the 2nd quarter worth $29,000. Headlands Technologies LLC purchased a new position in shares of PubMatic in the 2nd quarter worth $38,000. SG Americas Securities LLC purchased a new position in PubMatic in the first quarter valued at about $107,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in PubMatic by 56.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,132 shares of the company’s stock valued at $185,000 after purchasing an additional 3,280 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in PubMatic in the fourth quarter valued at about $191,000. 64.26% of the stock is owned by hedge funds and other institutional investors.
PubMatic Price Performance
PUBM opened at $14.61 on Friday. The stock has a market cap of $724.36 million, a P/E ratio of 69.57 and a beta of 1.40. The stock’s 50 day simple moving average is $17.49 and its 200 day simple moving average is $20.52. PubMatic has a 1-year low of $10.92 and a 1-year high of $25.36.
PubMatic (NASDAQ:PUBM – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $67.27 million for the quarter, compared to analysts’ expectations of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. Research analysts expect that PubMatic will post 0.2 EPS for the current fiscal year.
About PubMatic
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.
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