The stock of PubMatic Inc. (NASDAQ:PUBM) increased by $0.21 on Friday to finish at $13.30, up 1.60 percent. The last five days have seen an average of 1,231,980 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $0.49. The average number of shares traded over the last 20 days was 476,730, while the average volume over the last 50 days totaled 411,722.
PUBM stock dropped -31.90% since last month. On 08/10/23, the company’s shares reached a one-month low of $12.16. The stock touched a high of $23.60 on 08/01/23, after rallying from a low of $11.73 in 52 weeks. The price of PUBM stock has risen by 3.83% or $0.49 this year, reaching a new high 24 times. Still, the stock price is down -43.64% from the 52-week high.
Insider Transactions
PUBM stock investors should be aware that PubMatic Inc. (PUBM) stock had its last reported insider trading activity 10 days ago on Aug 04. On Aug 04, Chief Executive Officer Goel Rajeev K. sold 7,500 shares at $19.51 each. This transaction resulted in the insider making $146,314. On Aug 01, Goel Amar K. sold 500 shares at a price of US$20.00. After the transaction, the insider now owns 0 shares. Chief Executive Officer Goel Rajeev K. had earlier sold 400 shares on Aug 01 for $20.05 a share. The transaction was completed for $8,022.
Valuation Metrics
PubMatic Inc. (PUBM) has a trailing price-to-earnings (P/E) ratio of 214.52. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.72, the price-to-book (PB) ratio of 2.29, and the price-to-cash flow ratio of 18.31.
Financial Health
For the three months ended June 29, PubMatic Inc.’s quick ratio was 1.80, while its current ratio was 1.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 63.70% percent. PubMatic Inc.’s EBITDA margin for the year ended June 29 was 31.44%, whereas its operating margin stood at 15.70% for the same period. Based on annual data, it had gross profit of $174.87 million and revenue of $256.38 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PUBM’s return on assets (ROA) during the last 12 months has been 4.80%. There was a 10.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.60%.
Earnings Surprise
According to PubMatic Inc.’s quarterly financial report for the quarter that ended June 29, it had $65.37 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $63.26 million, while revenues rose by 0.36% to $55.41 million. It was predicted that PubMatic Inc.’s quarterly earnings would be -$0.11, but it ended up being -$0.06, beating the consensus by -83.30%. EBITDA was $3.76 million for the quarter. At the end of PubMatic Inc.’s most recent quarter ended June 29, its liabilities totaled 289.14 million, while its total debt was $24.02 million. Equity owned by shareholders amounts to $51.87 million.
Technical Picture
Here’s a quick look at PubMatic Inc.’s (PUBM) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 21.89%, suggesting the stock is oversold, with a 206.20% historical volatility rate.
The stochastic %K and %D were 8.82% and 14.73% respectively, while the average true range (ATR) was 1.21. Based on the 14-day stochastic reading of 14.34%, the RSI (14) reading is 26.16%. On the 9-day MACD Oscillator, the stock is at -4.28, and the 14-day reading is at -4.92.
Analyst Ratings
PubMatic Inc. (NASDAQ: PUBM) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned PubMatic Inc. (PUBM) an Overweight rating. PUBM is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.
What is PUBM’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $25.00, with a median target price of $17.50. In analyzing these forecasts, the average price target given by analysts for PubMatic Inc. (PUBM) is $18.38.
