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PubMatic (PUBM) Receives a Buy from KeyBanc

KeyBanc analyst Justin Patterson maintained a Buy rating on PubMatic (PUBMResearch Report) today and set a price target of $48.00. The company’s shares closed last Monday at $30.60.

According to TipRanks.com, Patterson is a 4-star analyst with an average return of 13.1% and a 50.9% success rate. Patterson covers the Technology sector, focusing on stocks such as NerdWallet, Inc. Class A, Spotify Technology SA, and Alphabet Class A.

Currently, the analyst consensus on PubMatic is a Strong Buy with an average price target of $47.67, which is a 64.8% upside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $45.00 price target.

See the top stocks recommended by analysts >>

PubMatic’s market cap is currently $1.57B and has a P/E ratio of 34.26.

Based on the recent corporate insider activity of 110 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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