PubMatic Inc (NASDAQ: PUBM) is 28.39% higher on its value in year-to-date trading and has touched a low of $10.92 and a high of $21.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PUBM stock was last observed hovering at around $19.18 in the last trading session, with the day’s gains setting it 1.76%.
Currently trading at $20.94, the stock is 29.50% and 31.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 9.18% at the moment leaves the stock 35.02% off its SMA200. PUBM registered 37.94% gain for a year compared to 6-month gain of 58.76%. The firm has a 50-day simple moving average (SMA 50) of $3.41 and a 200-day simple moving average (SMA200) of $19.45.
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The stock witnessed a 32.87% loss in the last 1 month and extending the period to 3 months gives it a 24.64%, and is 30.47% up 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 7.78% over the week and 4.79% over the month.
PubMatic Inc (PUBM) has around 875 employees, a market worth around $1.06B and $267.01M in sales. Current P/E ratio is 139.23 and Fwd P/E is 63.20. Profit margin for the company is 3.33%. Distance from 52-week low is 91.76% and -4.08% from its 52-week high. The company has generated returns on investments over the last 12 months (2.85%).
PubMatic Inc quarterly earnings per share for the current quarter are estimated at -$0.13 with sales reaching $61.97M over the same period.The EPS is expected to grow by 1.32% this year, but quarterly earnings will post 10.60% year-over-year. Quarterly sales are estimated to grow 11.80% in year-over-year returns.
217 institutions hold shares in PubMatic Inc (PUBM), with institutional investors hold 57.74% of the company’s shares. The shares outstanding are 43.45M, and float is at 40.11M with Short Float at 2.97%. Institutions hold 55.30% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 4.29 million shares valued at $78.42 million. The investor’s holdings represent 10.06% of the PUBM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.31 million shares valued at $60.53 million to account for 7.76% of the shares outstanding. The other top investors are Graham Holdings Co which holds 1.97 million shares representing 4.63% and valued at over $36.07 million, while Dimensional Fund Advisors LP holds 2.73% of the shares totaling 1.16 million with a market value of $21.25 million.
PubMatic Inc (PUBM) Insider Activity
A total of 26 insider transactions have happened at PubMatic Inc (PUBM) in the last six months, with sales accounting for 12 and purchases happening 14 times. The most recent transaction is an insider sale by Goel Rajeev K., the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that Goel Rajeev K. sold 98,600 shares of the company’s common stock on Feb 27 at a price of $20.70 per share for a total of $2.04 million. Following the sale, the insider now owns 7500.0 shares.
PubMatic Inc disclosed in a document filed with the SEC on Feb 27 that Kumar Mukul (PRESIDENT, ENGINEERING) sold a total of 49,000 shares of the company’s common stock. The trade occurred on Feb 27 and was made at $20.38 per share for $1.0 million. Following the transaction, the insider now directly holds 24582.0 shares of the PUBM stock.
Still, SEC filings show that on Feb 27, Klimenko Paulina (CHIEF GROWTH OFFICER) disposed off 24,275 shares at an average price of $20.27 for $0.49 million. The insider now directly holds 0 shares of PubMatic Inc (PUBM).
PubMatic Inc (PUBM): Who are the competitors?
One of the company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 91.86% up over the past 12 months.Alphabet Inc. Cl A (GOOGL) lies in the list of competitors of the PubMatic Inc and is 50.50% higher over the same period from PUBMAlphabet Inc. Cl C (GOOG) is 51.42% up on the 1-year trading charts.
