PubMatic, Inc. (NASDAQ:PUBM) Given Consensus Rating of “Hold” by Brokerages

Shares of PubMatic, Inc. (NASDAQ:PUBM) have received an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.1875.

Several equities research analysts have issued reports on PUBM shares. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. Rosenblatt Securities raised their price objective on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and issued a $12.00 price objective on shares of PubMatic in a report on Tuesday, November 11th. Evercore ISI upped their target price on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Finally, B. Riley lifted their price target on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th.

PubMatic Price Performance

NASDAQ:PUBM opened at $8.59 on Friday. The company’s 50-day moving average is $8.86 and its two-hundred day moving average is $9.58. PubMatic has a 1-year low of $7.01 and a 1-year high of $17.32. The firm has a market capitalization of $398.75 million, a price-to-earnings ratio of -45.21 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $67.96 million during the quarter, compared to the consensus estimate of $63.95 million. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. As a group, equities analysts anticipate that PubMatic will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.92, for a total value of $392,480.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 222,146 shares of company stock valued at $1,894,068. 26.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. CenterBook Partners LP raised its holdings in shares of PubMatic by 239.0% in the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after buying an additional 527,650 shares during the period. Graham Holdings Co grew its position in PubMatic by 21.4% in the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock valued at $25,880,000 after acquiring an additional 500,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in PubMatic by 483.6% during the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock worth $4,174,000 after purchasing an additional 378,714 shares during the period. UBS Group AG lifted its position in shares of PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after purchasing an additional 303,479 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of PubMatic during the third quarter worth about $2,247,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

About PubMatic

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.