Another crushing day on the market with Snapchat (SNAP) having a bad earnings report, pulling all the boats down with it. Programmatic ad companies got hit especially hard and with algorithmic based trades ruling the day, the vicious cycle continues. Add to this jumpy retail investors with quick trigger fingers and stop loss circuit breakers, and you can see why there has been a cascade downward.
This leaves some more deals for opportunistic folks.
These five in particular are ridiculously under valued:
Puma Biotech (PBYI) $230M
Perion (PERI) $722M
Viant (DSP) $728M
PubMatic (PUBM) $1.36B
Magnite (MGNI) $3.5B
“Don’t look a gift horse in the mouth.”