The Question Is Whether To Buy Or Not To Buy PubMatic Inc (NASDAQ: PUBM)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that PubMatic Announces Record Fourth Quarter and Fiscal Year Ended 2023 Financial Results; Board of Directors Expands Share Repurchase Program by $100 Million.

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Stocks Info

PubMatic Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $19.18 and fluctuated between $20.21 as its day high and $18.85 as its day low. The current market capitalization of PubMatic Inc is $973.58M. A total of 1.23 million shares were traded on the day, compared to an average of 421.11K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PUBM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 61 BUYs and 54 SELLs from insiders. Insiders purchased 387,487 shares during that period but sold 316,955.

In the most recent transaction, Goel Rajeev K. sold 98,600 shares of PUBM for 20.70 per share on Feb 27. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 7,500 company shares. In a previous transaction on Feb 27, Kumar Mukul sold 49,000 shares at 20.38 per share. PUBM shares that PRESIDENT, ENGINEERING owns now total 24,582.

Among the insiders who sold shares, Klimenko Paulina disposed of 24,275 shares on Feb 27 at a per-share price of $20.27. This resulted in the CHIEF GROWTH OFFICER holding 0 shares of PUBM after the transaction. In another insider transaction, Klimenko Paulina sold 2,083 shares at $17.00 per share on Feb 16. Company shares held by the CHIEF GROWTH OFFICER now total 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PUBM in the last 3 months, the mean price target is $25.13 with high estimates of $27.00 and low estimates of $22.00. In terms of 52-week highs and lows, PUBM has a high of $21.83 and a low of $10.92.

As of this writing, PUBM has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.2. The company reported an EPS of $0.03 in the last quarter, which was 160.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $5.64, while its Total Shareholder’s Equity was $257.18M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.89.

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