PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of the firm's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $9.02, for a total transaction of $396,880.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
PubMatic Stock Performance
Shares of NASDAQ:PUBM opened at $9.14 on Wednesday. The firm has a market capitalization of $424.23 million, a PE ratio of -48.11 and a beta of 1.49. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.32. The firm has a fifty day moving average of $8.64 and a 200 day moving average of $9.90.
PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%.The business had revenue of $67.96 million for the quarter, compared to the consensus estimate of $63.95 million. On average, sell-side analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Acuitas Investments LLC boosted its position in PubMatic by 142.8% during the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company's stock valued at $2,945,000 after buying an additional 209,159 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of PubMatic during the third quarter valued at about $160,000. Prelude Capital Management LLC purchased a new stake in shares of PubMatic during the third quarter worth about $176,000. Public Employees Retirement System of Ohio grew its stake in shares of PubMatic by 60.5% in the third quarter. Public Employees Retirement System of Ohio now owns 54,088 shares of the company's stock worth $448,000 after purchasing an additional 20,388 shares during the last quarter. Finally, Numerai GP LLC bought a new stake in shares of PubMatic in the third quarter worth about $287,000. 64.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on PUBM shares. Lake Street Capital lowered PubMatic from a "buy" rating to a "hold" rating and cut their target price for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. Scotiabank lowered their price objective on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a report on Tuesday, August 12th. Wolfe Research reaffirmed an "outperform" rating and set a $12.00 target price on shares of PubMatic in a report on Tuesday, November 11th. Rosenblatt Securities lifted their target price on shares of PubMatic from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 11th. Finally, B. Riley upped their price target on shares of PubMatic from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.19.
Get Our Latest Stock Analysis on PUBM
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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