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PubMatic Inc. (PUBM) – Don’t Be So Quick to Call it Dead

PubMatic Inc. (NASDAQ: PUBM) is -54.86% lower on its value in year-to-date trading and has touched a low of $13.74 and a high of $43.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PUBM stock was last observed hovering at around $15.08 in the last trading session, with the day’s gains setting it 0.29% off its average median price target of $19.00 for the next 12 months. It is also 43.07% off the consensus price target high of $27.00 offered by analysts, but current levels are 3.94% higher than the price target low of $16.00 for the same period.

Currently trading at $15.37, the stock is -5.12% and -9.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 1.92% at the moment leaves the stock -24.15% off its SMA200. PUBM registered -59.22% loss for a year compared to 6-month gain of -19.95%.

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The stock witnessed a -20.40% loss in the last 1 month and extending the period to 3 months gives it a -26.39%, and is -2.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.88% over the week and 5.39% over the month.

PubMatic Inc. (PUBM) has around 713 employees, a market worth around $801.62M and $251.20M in sales. Current P/E ratio is 16.04 and Fwd P/E is 28.73. Profit margin for the company is 22.50%. Distance from 52-week low is 11.82% and -64.79% from its 52-week high. The company has generated returns on investments over the last 12 months (19.60%).

PubMatic Inc. (PUBM) Analyst Forecasts

PubMatic Inc. is expected to release its quarterly report on 02/21/2023.The EPS is expected to grow by 166.40% this year

PubMatic Inc. (PUBM) Top Institutional Holders

The shares outstanding are 52.16M, and float is at 40.30M with Short Float at 6.21%.

PubMatic Inc. (PUBM) Insider Activity

A total of 157 insider transactions have happened at PubMatic Inc. (PUBM) in the last six months, with sales accounting for 85 and purchases happening 72 times. The most recent transaction is an insider sale by Goel Amar K., the company’s Chairman, Chief Growth Officer. SEC filings show that Goel Amar K. sold 40,000 shares of the company’s common stock on Nov 18 at a price of $15.12 per share for a total of $0.6 million. Following the sale, the insider now owns 0.0 shares.

PubMatic Inc. disclosed in a document filed with the SEC on Nov 17 that Goel Amar K. (Chairman, Chief Growth Officer) sold a total of 40,000 shares of the company’s common stock. The trade occurred on Nov 17 and was made at $15.13 per share for $0.61 million. Following the transaction, the insider now directly holds 0.0 shares of the PUBM stock.

Still, SEC filings show that on Nov 16, van der Zweep Michael (Controller) disposed off 179 shares at an average price of $15.76 for $2821.0. The insider now directly holds 1,090 shares of PubMatic Inc. (PUBM).

PubMatic Inc. (PUBM): Who are the competitors?

The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading -32.46% down over the past 12 months and Alphabet Inc. (GOOG) that is -32.66% lower over the same period. Amazon.com Inc. (AMZN) is -47.41% down on the 1-year trading charts.

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