Stocks of PubMatic Inc. (NASDAQ:PUBM) traded higher last session on Wall Street, up 3.75% to $14.94.
According to the data, PubMatic Inc. (NASDAQ:PUBM) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $15.00, we find $19.00. Given the previous closing price of $14.40, this indicates a potential upside of 31.94 percent. PUBM stock price is now 5.20% away from the 50-day moving average and -16.94% away from the 200-day moving average. The market capitalization of the company currently stands at $783.39M.
A total of 1 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $19.63 as their price target over the next twelve months.
, while ‘Lake Street’ rates the stock as ‘Buy’.
In other news, Hirsch Jeffrey K., Chief Commercial Officer sold 5,000 shares of the company’s stock on Jan 10. The stock was sold for $69,477 at an average price of $13.90. Upon completion of the transaction, the Chief Commercial Officer now directly owns 7,662 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 05, Chief Financial Officer Pantelick Steven sold 3,965 shares of the business’s stock. A total of $51,519 was realized by selling the stock at an average price of $12.99. This leaves the insider owning 11,301 shares of the company worth $0.17 million. Insiders disposed of 933,427 shares of company stock worth roughly $13.95 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PUBM stock. A new stake in PubMatic Inc. shares was purchased by CANTOR FITZGERALD, L. P. during the first quarter worth $4,470,000. SCHONFELD STRATEGIC ADVISORS LLC invested $3,858,000 in shares of PUBM during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in PubMatic Inc. valued at approximately $2,514,000. FIRST TRUST ADVISORS LP acquired a new stake in PUBM for approximately $1,677,000. AVIVA PLC purchased a new stake in PUBM valued at around $1,311,000 in the second quarter. In total, there are 223 active investors with 57.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $14.50 for PubMatic Inc. (NASDAQ: PUBM). During the past 12 months, PubMatic Inc. has had a low of $12.19 and a high of $31.85. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for PUBM is $14.20 and a two-hundred day moving average price translates $17.99 for the stock.
The latest earnings results from PubMatic Inc. (NASDAQ: PUBM) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.08 by 0.06. This compares to $0.24 EPS in the same period last year. The net profit margin was 17.10% and return on equity was 16.00% for PUBM. The company reported revenue of $64.5 million for the quarter, compared to $58.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.04 percent. For the current quarter, analysts expect PUBM to generate $66.99M in revenue.
PubMatic Inc.(PUBM) Company Profile
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. In addition, it offers Real-Time Bidding (RTB) programmatic technologies, which provides various selling options across screens and ad formats; digital advertising inventory quality solutions to detect and filter out invalid traffic and other nefarious activity; Ad quality solutions targeting the reduction of security issues, quality issues, and performance issues; Identity Hub, an identity solution that allows for the use of any advertiser preferred user identifier in a scaled and privacy-compliant fashion; Audience Encore, an audience data platform; and cross-platform video, a sell side platform, which connects trusted video buyers to premium publishers. The company’s platform supports an array of ad formats and digital device types, including mobile app, mobile web, desktop, display, video, over-the-top (OTT), connected television, and media. PubMatic, Inc. was incorporated in 2006 and is based in Redwood City, California.