PubMatic, Inc. (NASDAQ:PUBM) Given Average Rating of “Moderate Buy” by Analysts

PubMatic, Inc. (NASDAQ:PUBM) has received an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research 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 12-month target price among analysts that have covered the stock in the last year is $12.8750.

Several research analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Friday. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 target price on shares of PubMatic in a research report on Thursday, April 23rd. Finally, Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th.

PubMatic Stock Down 1.3%

NASDAQ PUBM opened at $12.92 on Wednesday. The firm has a market cap of $600.00 million, a PE ratio of -34.00 and a beta of 1.51. The business’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $9.49. PubMatic has a 52 week low of $6.15 and a 52 week high of $14.04.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, beating 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 business had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. Research analysts expect that PubMatic will post -0.26 EPS for the current year.

Insider Activity

In other PubMatic news, CEO Rajeev K. Goel sold 58,854 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $13.68, for a total transaction of $805,122.72. Following the transaction, the chief executive officer directly owned 47,301 shares of the company’s stock, valued at approximately $647,077.68. This trade represents a 55.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mukul Kumar sold 7,897 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total value of $107,794.05. Following the sale, the insider directly owned 112,945 shares of the company’s stock, valued at approximately $1,541,699.25. This represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 318,305 shares of company stock worth $3,807,773 over the last 90 days. 27.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of PubMatic during the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd raised its stake in 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 purchasing an additional 1,915 shares during the last quarter. State of Wyoming acquired a new position in PubMatic in the 1st quarter valued at about $61,000. Tower Research Capital LLC TRC lifted its holdings in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after purchasing an additional 4,856 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.