PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CAO Lisa Gimbel sold 2,863 shares of PubMatic stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $9.89, for a total value of $28,315.07. Following the transaction, the chief accounting officer directly owned 13,677 shares in the company, valued at approximately $135,265.53. The trade was a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
PubMatic Trading Up 1.5%
PUBM stock traded up $0.15 on Tuesday, hitting $10.06. 617,752 shares of the company’s stock traded hands, compared to its average volume of 722,424. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.88. The stock has a market cap of $467.19 million, a price-to-earnings ratio of -26.47 and a beta of 1.54. The stock has a fifty day moving average of $8.97 and a 200-day moving average of $8.45.
PubMatic (NASDAQ:PUBM – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The business had revenue of $62.57 million during the quarter, compared to analyst estimates of $60.42 million. On average, equities research analysts anticipate that PubMatic, Inc. will post -0.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PUBM. Rosenblatt Securities restated a “buy” rating and issued a $21.00 target price on shares of PubMatic in a report on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.88.
View Our Latest Stock Analysis on PubMatic
PubMatic Company Profile
PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.
Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.
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