PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) insider Mukul Kumar sold 7,000 shares of the business's stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total value of $151,480.00. Following the completion of the transaction, the insider now owns 30,958 shares in the company, valued at approximately $669,931.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
PubMatic Price Performance
Shares of PUBM stock opened at $21.57 on Thursday. PubMatic, Inc. has a 12-month low of $10.92 and a 12-month high of $24.18. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 143.81 and a beta of 1.52. The business has a 50 day simple moving average of $20.81 and a 200 day simple moving average of $16.86.
PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.15. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $78.19 million. During the same period in the prior year, the company posted $0.24 EPS. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that PubMatic, Inc. will post 0.17 EPS for the current fiscal year.
Analyst Ratings Changes
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PUBM has been the subject of several research analyst reports. JMP Securities boosted their price objective on PubMatic from $18.00 to $25.00 and gave the company a "market outperform" rating in a report on Tuesday, February 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $26.00 price objective on shares of PubMatic in a report on Monday, March 25th. Finally, B. Riley boosted their price objective on PubMatic from $21.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, PubMatic currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.20.
Check Out Our Latest Report on PubMatic
Hedge Funds Weigh In On PubMatic
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in PubMatic by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,319,892 shares of the company's stock worth $71,840,000 after buying an additional 29,696 shares in the last quarter. BlackRock Inc. lifted its position in PubMatic by 19.8% in the second quarter. BlackRock Inc. now owns 3,311,217 shares of the company's stock worth $60,529,000 after purchasing an additional 546,233 shares during the period. Dimensional Fund Advisors LP lifted its position in PubMatic by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company's stock worth $25,366,000 after purchasing an additional 228,190 shares during the period. Royal Bank of Canada lifted its position in PubMatic by 8.0% in the first quarter. Royal Bank of Canada now owns 1,181,482 shares of the company's stock worth $30,860,000 after purchasing an additional 87,549 shares during the period. Finally, State Street Corp lifted its position in PubMatic by 1.3% in the second quarter. State Street Corp now owns 902,872 shares of the company's stock worth $16,504,000 after purchasing an additional 11,564 shares during the period. 64.26% of the stock is owned by institutional investors.
PubMatic Company Profile
(
Get Free Report)
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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