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PubMatic (PUBM) Receives a Buy from Raymond James

Raymond James analyst Andrew Marok maintained a Buy rating on PubMatic (PUBMResearch Report) today and set a price target of $25.00. The company’s shares closed yesterday at $17.76.

Marok covers the Consumer Goods sector, focusing on stocks such as Activision Blizzard, Electronic Arts, and Take-Two. According to TipRanks, Marok has an average return of 2.0% and a 45.10% success rate on recommended stocks.

In addition to Raymond James, PubMatic also received a Buy from Evercore ISI’s Mark Mahaney in a report issued today. However, on August 4, Jefferies maintained a Hold rating on PubMatic (NASDAQ: PUBM).

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The company has a one-year high of $43.65 and a one-year low of $14.73. Currently, PubMatic has an average volume of 937.3K.

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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