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JMP Securities Remains a Buy on PubMatic (PUBM)

JMP Securities analyst Andrew Boone reiterated a Buy rating on PubMatic (PUBMResearch Report) today and set a price target of $34.00. The company’s shares closed yesterday at $17.76.

According to TipRanks, Boone is an analyst with an average return of -19.8% and a 27.98% success rate. Boone covers the Technology sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Shutterstock.

In addition to JMP Securities, PubMatic also received a Buy from Oppenheimer’s Jason Helfstein in a report issued yesterday. However, on August 4, Jefferies maintained a Hold rating on PubMatic (NASDAQ: PUBM).

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PUBM market cap is currently $907.3M and has a P/E ratio of 17.49.

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PUBM in relation to earlier this year. Most recently, in May 2022 Chow Thomas C., the GC & Secretary of PUBM sold 10,000.00 shares for a total of $217,400.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PubMatic Inc is engaged in the digital advertising business. The company provides specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. The platform helps independent?app developers and publishers to control and maximize their?digital?advertising businesses.

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