PubMatic Inc (NASDAQ: PUBM) is 44.57% higher on its value in year-to-date trading and has touched a low of $10.92 and a high of $23.28 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 $22.98 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $23.58, the stock is 23.58% and 40.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 2.61% at the moment leaves the stock 49.66% off its SMA200. PUBM registered 77.03% gain for a year compared to 6-month gain of 87.44%. The firm has a 50-day simple moving average (SMA 50) of $3.84 and a 200-day simple moving average (SMA200) of $21.91.
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The stock witnessed a 57.62% loss in the last 1 month and extending the period to 3 months gives it a 37.98%, and is 14.63% 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 5.66% over the week and 5.47% over the month.
PubMatic Inc (PUBM) has around 948 employees, a market worth around $1.18B and $267.01M in sales. Current P/E ratio is 156.37 and Fwd P/E is 69.57. Profit margin for the company is 3.33%. Distance from 52-week low is 115.93% and 1.29% from its 52-week high. The company has generated returns on investments over the last 12 months (2.84%).
PubMatic Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $61.97M over the same period.The EPS is expected to grow by 15.56% 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.
219 institutions hold shares in PubMatic Inc (PUBM), with institutional investors hold 58.27% of the company’s shares. The shares outstanding are 41.50M, and float is at 39.81M with Short Float at 2.87%. Institutions hold 55.76% 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
The most recent transaction is an insider sale by Goel Amar K., the company’s CHAIRMAN, CHIEF INNOVATION OFF. SEC filings show that Goel Amar K. sold 150,000 shares of the company’s common stock on Mar 05 ’24 at a price of $20.69 per share for a total of $3.1 million. Following the sale, the insider now owns 0.0 shares.
PubMatic Inc disclosed in a document filed with the SEC on Mar 05 ’24 that Goel Amar K. (CHAIRMAN, CHIEF INNOVATION OFF) sold a total of 3,454 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $20.69 per share for $71475.0. Following the transaction, the insider now directly holds 0.0 shares of the PUBM stock.
Still, SEC filings show that on Mar 04 ’24, Goel Rajeev K. (CHIEF EXECUTIVE OFFICER) disposed off 7,500 shares at an average price of $20.96 for $0.16 million. The insider now directly holds 0 shares of PubMatic Inc (PUBM).
