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

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

A number of brokerages have weighed in on PUBM. Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price target on shares of PubMatic in a report on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Royal Bank Of Canada lifted their price target on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th.

Insider Buying and Selling

In related news, insider Mukul Kumar sold 8,000 shares of PubMatic stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $11.96, for a total transaction of $95,680.00. Following the transaction, the insider owned 100,869 shares of the company’s stock, valued at $1,206,393.24. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajeev K. Goel sold 49,916 shares of PubMatic stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $407,813.72. Following the transaction, the chief executive officer directly owned 47,740 shares in the company, valued at $390,035.80. The trade was a 51.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 332,953 shares of company stock valued at $3,224,258 in the last 90 days. 27.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP lifted its position in PubMatic by 248.0% during the first quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock worth $1,692,000 after purchasing an additional 147,386 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PubMatic by 26.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock worth $12,602,000 after purchasing an additional 321,200 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of PubMatic in the 1st quarter worth $1,687,000. Sei Investments Co. bought a new position in shares of PubMatic in the 1st quarter worth $129,000. Finally, State of Wyoming bought a new position in shares of PubMatic in the 1st quarter worth $61,000. Institutional investors own 64.26% of the company’s stock.

PubMatic Price Performance

Shares of PUBM stock opened at $12.65 on Friday. PubMatic has a 12 month low of $6.15 and a 12 month high of $13.88. The firm has a market capitalization of $587.50 million, a P/E ratio of -33.29 and a beta of 1.57. The company’s fifty day moving average price is $10.66 and its two-hundred day moving average price is $8.96.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The company had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. On average, sell-side analysts anticipate that PubMatic will post -0.26 EPS for the current 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.