In the last trading session, 1,053,554 PubMatic, Inc. (NASDAQ:PUBM) shares changed hands as the company’s beta touched 0. With the company’s per share price at $33.14 changed hands at -$0.57 or -0.02% during last session, the market valuation stood at $1.63 Billion. PUBM’s last price was a discount, traded about -132.23% off its 52-week high of $76.96. The share price had its 52-week low at $22.42, which suggests the last value was 32.35% up since then. When we look at PubMatic, Inc.’s average trading volume, we note the 10-day average is 1.97 Million shares, with the 3-month average coming to 1.02 Million.
Analysts gave the PubMatic, Inc. (PUBM) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 8 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 2 recommended PUBM as a Hold, 6 felt it is a Buy and none rated the stock as Underweight. PubMatic, Inc.’s EPS for the current quarter is expected to be $0.08.
PubMatic, Inc. (NASDAQ:PUBM) trade information
Although PUBM has turned red as seen at the end of in last trading. With action -1.69%, the performance over the past five days has been red. The jump to weekly highs of $35.85 on Wednesday, Jun 16 added 7.56% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.19%, with the 5-day performance at -0.06% in the red. However, in the 30-day time frame, PubMatic, Inc. (NASDAQ:PUBM) is -0.04% down. Looking at the short shares, we see there were 3.78 Million shares sold at short interest cover period of 3.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is $48.86, meaning bulls need an upside of 47.44% from its current market value. According to analyst projections, PUBM’s forecast low is $40 with $64 as the target high. To hit the forecast high, the stock’s price needs a +93.12% upsurge from its current level, while the stock would need to tank 20.7% for it to hit the projected low.
PubMatic, Inc. (PUBM) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for PubMatic, Inc. earnings to decrease by -30.4%, but the outlook for the next 5-year period is at 0% per year.
PubMatic, Inc. (NASDAQ:PUBM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.79% of PubMatic, Inc. shares while 74.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.81%. There are 87 institutions holding the PubMatic, Inc. stock share, with Ameriprise Financial, Inc. the top institutional holder. As of Mar 30, 2021, the company held 9.19% of the shares, roughly 824.06 Thousand PUBM shares worth $40.64 Million.
Driehaus Capital Management, LLC holds the second largest percentage of outstanding shares, with 9.18% or 823.48 Thousand shares worth $40.61 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Feb 27, 2021 were Columbia Fds Ser Tr I-Columbia Small Cap Growth Fd I and Invesco ETF Tr-Invesco Dynamic Software ETF. With 517327 shares estimated at $33.53 Million under it, the former controlled 5.77% of total outstanding shares. On the other hand, Invesco ETF Tr-Invesco Dynamic Software ETF held about 3.59% of the shares, roughly 321.7 Thousand shares worth around $9.51 Million.