How PubMatic Inc. (PUBM) Works From A Technical Perspective

PubMatic Inc. (NASDAQ:PUBM) finished Wednesday with an addition of $3.29 to close at $27.52, an upside of 13.58 percent. An average of 1,192,980 shares of common stock have been traded in the last five days. There was a gain of $4.91 in the past week. The last 20 days have seen an average of 1,111,530 shares traded, while the 50-day average volume stands at 1,051,844.

PUBM stock has decreased by -1.92% in the last month. The company shares reached their 1-month lowest point of $21.61 on 10/06/21. Shares of the company touched a low of $21.61 and a high of $76.96 in 52 weeks. In spite of this, the price is down -64.24% from the 52-week high.


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Insider Transactions

10 days have passed since PubMatic Inc. (PUBM) last reported insider trading activity. Goel Rajeev K., who is Chief Executive Officer, most recently acquired $15,000 shares at $24.09 per share on Oct 04. In this transaction, the insider spent $361,406. Chief Innovation Officer, Goel Amar K., disposed of 636 shares at a price of $25.26 on Oct 04. The insider now owns more than $16,065 worth of shares. Prior to that, President, Engineering Kumar Mukul went on to Sale 565 shares at $25.25 each on Oct 04. An amount of $14,266 was transacted.

Valuation Metrics

PubMatic Inc. (PUBM) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. In the last five years, PubMatic Inc.’s PE ratio has ranged between 133.98 and 29.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.07, the price-to-book (PB) ratio at 6.75.

The quick ratio of PubMatic Inc. for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. PubMatic Inc.’s EBITDA margin for the year ending June 29 is 31.93%.

Earnings Surprise

For the three-month period that ended June 29, PubMatic Inc. had $31.37 million in cash. The company posted a net income of $49.66 million in the quarter, while revenues of $43.61 million were grew 100.0%. The analyst consensus anticipated PubMatic Inc.’s latest quarter earnings to come in at $0.08 per share, but it turned out to be $0.18, a 125.00% surprise.

Technical Picture

From a technical analysis perspective, let’s take a brief look at PubMatic Inc. (PUBM) price momentum. RSI 9-day as of the close on 13 October was 61.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 95.60%.

As of today, PUBM’s price is $24.34 +21.72% or $4.91 from its 5-day moving average. PUBM is currently trading -3.68% lower than its 20-day SMA and -20.46% lower than its 100-day SMA. However, the stock’s current price level is -5.59% below the SMA50 and -2.45% below the SMA200.

The stochastic %K and %D were 43.80% and 30.91%, respectively, and the average true range (ATR) was 1.80. With the 14-day stochastic at 79.97% and the average true range at 1.72, the RSI (14) stands at 55.11%. The stock has reached 0.74 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

Berenberg launched coverage on PubMatic Inc. (NASDAQ: PUBM) in its analyst report released on September 22, 2021. The firm assigned the stock a a Buy rating.The consensus rating for PubMatic Inc. (PUBM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PUBM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is PUBM’s price target for the next 12 months?

Analysts predict a range of price targets between $31.00 and $64.00, with a median target of $44.50. Taking a look at these predictions, the average price target given by analysts for PubMatic Inc. (PUBM) stock is $44.80.

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