A share price of PubMatic Inc [PUBM] is currently trading at $16.20, up 6.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PUBM shares have gain 3.65% over the last week, with a monthly amount glided 8.22%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PubMatic Inc [NASDAQ: PUBM] stock has seen the most recent analyst activity on November 13, 2024, when Evercore ISI reiterated its Outperform rating and also boosted its price target to $22 from $20. Previously, Raymond James downgraded its rating to Mkt Perform on August 09, 2024. On July 16, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $25 on the stock. Oppenheimer downgraded its rating to a Perform. Macquarie downgraded its rating to Neutral for this stock on August 09, 2023, and downed its price target to $16. In a note dated April 13, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $20 on this stock.
PubMatic Inc experienced fluctuations in its stock price throughout the past year between $13.18 and $25.36. Currently, Wall Street analysts expect the stock to reach $24.8 within the next 12 months. PubMatic Inc [NASDAQ: PUBM] shares were valued at $16.20 at the most recent close of the market. An investor can expect a potential return of 53.09% based on the average PUBM price forecast.
Analyzing the PUBM fundamentals
Trailing Twelve Months sales for PubMatic Inc [NASDAQ:PUBM] were 290.35M which represents 12.73% growth. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.45 points at the first support level, and at 14.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.60, and for the 2nd resistance point, it is at 17.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PubMatic Inc [NASDAQ:PUBM] is 1.35. Further, the Quick Ratio stands at 1.35, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 2.67, the price to book ratio is 2.97 and price to earnings (TTM) ratio is 52.56.
Transactions by insiders
Recent insider trading involved Gimbel Lisa, CHIEF ACCOUNTING OFFICER, that happened on Nov 18 ’24 when 1378.0 shares were sold. PRESIDENT, ENGINEERING, Kumar Mukul completed a deal on Nov 13 ’24 to sell 21000.0 shares. Meanwhile, Officer MUKUL KUMAR bought 28000.0 shares on Nov 13 ’24.
