PubMatic (NASDAQ:PUBM) Upgraded by Wall Street Zen to “Hold” Rating

PubMatic (NASDAQ:PUBM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

PUBM has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. B. Riley Financial upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $10.50 in a report on Friday. Evercore boosted their price target on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, Rosenblatt Securities upped their price objective on shares of PubMatic from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PubMatic currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

PubMatic Stock Up 14.6%

NASDAQ:PUBM opened at $8.10 on Friday. PubMatic has a 12-month low of $6.15 and a 12-month high of $13.88. The stock’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $8.26. The firm has a market capitalization of $375.96 million, a P/E ratio of -26.13 and a beta of 1.58.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. PubMatic had a negative return on equity of 5.68% and a negative net margin of 5.11%.The firm had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. As a group, equities research analysts expect that PubMatic will post 0.22 earnings per share for the current year.

Insider Activity at PubMatic

In related news, CFO Steven Pantelick sold 18,398 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $8.81, for a total transaction of $162,086.38. Following the sale, the chief financial officer directly owned 28,685 shares in the company, valued at $252,714.85. This trade represents a 39.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Amar K. Goel sold 7,158 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $8.73, for a total transaction of $62,489.34. Following the completion of the sale, the chairman directly owned 12,496 shares in the company, valued at $109,090.08. This represents a 36.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 431,650 shares of company stock worth $3,434,455 over the last three months. 26.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PUBM. Diversified Trust Co grew its holdings in shares of PubMatic by 13.1% during the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after buying an additional 1,699 shares in the last quarter. Barclays PLC lifted its stake in PubMatic by 1.4% in the 4th quarter. Barclays PLC now owns 126,189 shares of the company’s stock valued at $1,119,000 after acquiring an additional 1,723 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,915 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of PubMatic by 1.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after acquiring an additional 2,654 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of PubMatic in the fourth quarter valued at approximately $30,000. 64.26% of the stock is owned by institutional investors and hedge funds.

PubMatic News Roundup

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Q4 earnings and revenue beat—PubMatic reported $0.29 EPS vs. $0.16 expected and revenue of $80.05M vs. $76.12M, a clear upside that likely moved the stock. Press Release / Slide Deck
• Positive Sentiment: Analyst upgrades and higher price targets — Rosenblatt raised its price target to $21 and kept a Buy rating (large upside vs. current levels), and B. Riley upgraded the stock to Buy with a $10.50 target; these endorsements add buying momentum. Benzinga
• Positive Sentiment: Management guided Q1 revenue to $58.0M–$60.0M (slightly above consensus) and signaled a push for double‑digit revenue growth in H2 2026—this forward commentary supports upward revision expectations. PubMatic targets double-digit revenue growth in H2 2026 while accelerating agentic AI adoption
• Positive Sentiment: Strategic focus on agentic AI—coverage highlights management accelerating agentic AI investments, which investors view as a growth and differentiation catalyst for programmatic ad technology. PubMatic Is All In On Agentic AI
• Neutral Sentiment: Full earnings materials and call transcript are available for deeper due diligence (slides, press release, and transcript provide color on margins, product traction, and channel dynamics). Earnings Transcript & Materials
• Negative Sentiment: Profitability remains a concern—PubMatic still reported a negative net margin (~‑2.5%) and negative ROE, and Q4 EPS ($0.29) was below last year’s $0.41, which could temper sentiment despite the beat. Zacks: Surpasses Q4 Estimates

PubMatic Company Profile

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.