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Tuesday, June 6, 2023

Taking On Challenges And Growing? – PubMatic Inc. (PUBM)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PubMatic Inc. (PUBM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.40%, to $14.90. The PubMatic Inc. has recorded 23,561 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PubMatic Announces First Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $14.96 and fluctuated between $15.05 as its day high and $14.54 as its day low. The current market capitalization of PubMatic Inc. is $786.93M. A total of 0.51 million shares were traded on the day, compared to an average of 521.68K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PUBM has seen 16 BUY and 9 SELL insider trades, representing the acquisition of 105,807 and the disposition of 70,967 shares. Over the last 12 months, there were 117 BUYs and 124 SELLs from insiders. Insiders purchased 819,224 shares during that period but sold 781,710.

In the most recent transaction, Pantelick Steven sold 4,673 shares of PUBM for 13.43 per share on Apr 05. After the transaction, the Chief Financial Officer now owns 17,442 company shares. In a previous transaction on Apr 05, Goel Amar K. sold 2,577 shares at 13.42 per share. PUBM shares that Chairman, Chief Innovation Off owns now total 1,309.

Among the insiders who sold shares, Goel Rajeev K. disposed of 17,893 shares on Apr 03 at a per-share price of $13.70. This resulted in the Chief Executive Officer holding 33,836 shares of PUBM after the transaction. In another insider transaction, Hirsch Jeffrey K. sold 3,683 shares at $13.70 per share on Apr 03. Company shares held by the Former Chief Commercial Off. now total 13,784.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PUBM in the last 3 months, the mean price target is $17.67 with high estimates of $21.00 and low estimates of $14.00. In terms of 52-week highs and lows, PUBM has a high of $23.60 and a low of $11.73.

As of this writing, PUBM has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.16 per share and a lower estimate of -$0.16. The company reported an EPS of $0.22 in the last quarter, which was -15.40% lower than expectations of $0.26.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PUBM’s latest balance sheet shows that the firm has $159.63M in Cash & Short Term Investments as of fiscal 2021. There were $21.71M in debt and $266.96M in liabilities at the time. Its Book Value Per Share was $5.93, while its Total Shareholder’s Equity was $257.18M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PUBM is Buy with a score of 4.00.

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