PubMatic, Inc. (NASDAQ:PUBM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of PubMatic, Inc. (NASDAQ:PUBM) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.8750.

PUBM has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 target price on shares of PubMatic in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. Finally, B. Riley Financial reiterated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th.

Insider Activity at PubMatic

In other PubMatic news, insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $63,971.10. Following the completion of the sale, the insider owned 99,485 shares in the company, valued at approximately $812,792.45. The trade was a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Pantelick sold 16,282 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.44, for a total transaction of $137,420.08. Following the sale, the chief financial officer owned 41,319 shares of the company’s stock, valued at $348,732.36. The trade was a 28.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 281,876 shares of company stock worth $2,526,967. 27.78% of the stock is owned by company insiders.

Institutional Trading of PubMatic

A number of large investors have recently made changes to their positions in the company. Barclays PLC increased its position in shares of 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 buying an additional 1,723 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PubMatic by 1.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after buying an additional 2,654 shares in the last quarter. Diversified Trust Co increased its position in shares of PubMatic by 20.8% in the 1st quarter. Diversified Trust Co now owns 17,564 shares of the company’s stock valued at $144,000 after buying an additional 3,022 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of PubMatic in the 4th quarter valued at $30,000. Institutional investors own 64.26% of the company’s stock.

PubMatic Stock Performance

NASDAQ:PUBM opened at $12.22 on Tuesday. The stock’s fifty day moving average price is $9.46 and its two-hundred day moving average price is $8.63. The company has a market cap of $567.50 million, a price-to-earnings ratio of -32.16 and a beta of 1.56. PubMatic has a 52-week low of $6.15 and a 52-week high of $13.88.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.05. The company had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. On average, equities analysts predict that PubMatic will post -0.25 EPS for the current fiscal year.

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.