PubMatic (NASDAQ:PUBM) Upgraded at Lake Street Capital

Lake Street Capital upgraded shares of PubMatic (NASDAQ:PUBM) from a hold rating to a strong-buy rating in a research report report published on Friday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a report on Saturday. Rosenblatt Securities raised their price target on PubMatic from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research restated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a research report on Monday, January 5th. Evercore raised their price target on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PubMatic presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

PubMatic Stock Performance

NASDAQ PUBM opened at $8.10 on Friday. PubMatic has a one year low of $6.15 and a one year high of $13.88. The firm has a market cap of $376.00 million, a price-to-earnings ratio of -26.13 and a beta of 1.46. The firm has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $8.25.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The business had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. Equities analysts predict that PubMatic will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other PubMatic news, General Counsel Andrew Woods sold 4,881 shares of PubMatic stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $8.61, for a total value of $42,025.41. Following the completion of the sale, the general counsel owned 59,769 shares in the company, valued at $514,611.09. The trade was a 7.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Pantelick sold 18,398 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $8.81, for a total transaction of $162,086.38. Following the transaction, the chief financial officer directly owned 28,685 shares of the company’s stock, valued at $252,714.85. This trade represents a 39.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 431,650 shares of company stock valued at $3,434,455 in the last quarter. Corporate insiders own 26.42% of the company’s stock.

Institutional Trading of PubMatic

Several large investors have recently added to or reduced their stakes in PUBM. Acadian Asset Management LLC increased its position in shares of PubMatic by 37.4% during the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock worth $7,810,000 after acquiring an additional 171,106 shares during the last quarter. CenterBook Partners LP acquired a new position in PubMatic during the 2nd quarter worth $2,747,000. Fox Run Management L.L.C. bought a new stake in shares of PubMatic in the 2nd quarter worth about $332,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of PubMatic by 94.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 76,276 shares of the company’s stock worth $949,000 after purchasing an additional 37,067 shares during the last quarter. Finally, Corton Capital Inc. raised its stake in shares of PubMatic by 68.8% in the 2nd quarter. Corton Capital Inc. now owns 16,884 shares of the company’s stock valued at $210,000 after purchasing an additional 6,884 shares in the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting PubMatic

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.