PubMatic Inc [NASDAQ: PUBM] gained 0.76% or 0.11 points to close at $14.52 with a heavy trading volume of 248069 shares.
The daily chart for PUBM points out that the company has recorded -30.56% loss over the past six months.
If we look at the average trading volume of 350.50K shares, PUBM reached to a volume of 248069 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about PubMatic Inc [PUBM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PUBM shares is $20.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PUBM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for PubMatic Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 05, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $20 to $22. The new note on the price target was released on November 13, 2024, representing the official price target for PubMatic Inc stock.
The Average True Range (ATR) for PubMatic Inc is set at 0.52, with the Price to Sales ratio for PUBM stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 2.66, with the Price to Cash per share for the same quarter was set at 2.94. Price to Free Cash Flow for PUBM in the course of the last twelve months was 15.22 with Quick ratio for the last quarter at 1.35.
Trading performance analysis for PUBM stock
PubMatic Inc [PUBM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.02. With this latest performance, PUBM shares dropped by -12.05% in over the last four-week period, additionally sinking by -30.56% over the last 6 months – not to mention a rise of 1.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PUBM stock in for the last two-week period is set at 42.08, with the RSI for the last a single of trading hit 42.89, and the three-weeks RSI is set at 43.21 for PubMatic Inc [PUBM]. The present Moving Average for the last 50 days of trading for this stock 15.60, while it was recorded at 14.25 for the last single week of trading, and 18.10 for the last 200 days.
PubMatic Inc [PUBM]: A deeper dive into fundamental analysis
PubMatic Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.35 and a Current Ratio set at 1.35.
PubMatic Inc [PUBM]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PUBM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PubMatic Inc go to 32.00%.
An analysis of Institutional ownership at PubMatic Inc [PUBM]
There are presently around $63.85%, or 64.76%% of PUBM stock, in the hands of institutional investors. The top three institutional holders of PUBM stocks are: VANGUARD GROUP INC with ownership of 4.33 million shares, which is approximately 8.6547%. BLACKROCK INC., holding 3.4 million shares of the stock with an approximate value of $$69.01 million in PUBM stocks shares; and BLACKROCK INC., currently with $$40.08 million in PUBM stock with ownership which is approximately 3.9436%.
