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PubMatic (PUBM) Receives a Buy from JMP Securities

In a report released yesterday, Andrew Boone from JMP Securities maintained a Buy rating on PubMatic (PUBMResearch Report), with a price target of $34.00. The company’s shares closed yesterday at $18.44.

Boone covers the Technology sector, focusing on stocks such as Shopify, Twitter, and Wix. According to TipRanks, Boone has an average return of -22.8% and a 20.11% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PubMatic with a $26.43 average price target, a 43.33% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $31.00 price target.

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Based on PubMatic’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $63.03 million and a net profit of $7.82 million. In comparison, last year the company earned a revenue of $49.66 million and had a net profit of $9.92 million

Based on the recent corporate insider activity of 130 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.

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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