PubMatic, Inc. (NASDAQ:PUBM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PubMatic, Inc. (NASDAQ:PUBM) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.6250.

A number of research analysts recently commented on PUBM shares. Wolfe Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Rosenblatt Securities raised their price objective on PubMatic from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, February 27th.

Insider Buying and Selling

In related news, CEO Rajeev K. Goel sold 44,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $8.92, for a total transaction of $392,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 431,650 shares of company stock worth $3,421,255. Company insiders own 26.42% of the company’s stock.

Hedge Funds Weigh In On PubMatic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in PubMatic in the fourth quarter valued at $30,000. Caitong International Asset Management Co. Ltd lifted its stake in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after buying an additional 3,541 shares during the last quarter. BNP Paribas Financial Markets lifted its position in PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after acquiring an additional 4,856 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of PubMatic in the 4th quarter valued at about $91,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

PubMatic Price Performance

NASDAQ:PUBM opened at $8.11 on Thursday. The firm has a market capitalization of $376.47 million, a price-to-earnings ratio of -26.16 and a beta of 1.46. The company’s 50-day moving average is $7.50 and its two-hundred day moving average is $8.25. PubMatic has a 1-year low of $6.15 and a 1-year high of $13.88.

PubMatic (NASDAQ:PUBM) last posted its quarterly 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. The business had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. As a group, equities analysts anticipate that PubMatic will post 0.22 earnings per share for the current fiscal year.

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.