PubMatic, Inc. (NASDAQ:PUBM) Given Consensus Rating of “Hold” by Brokerages

PubMatic, Inc. (NASDAQ:PUBM) has received an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.4375.

A number of analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Evercore ISI raised their price objective on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Rosenblatt Securities upped their target price on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Wolfe Research restated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research note on Monday, January 5th.

Insiders Place Their Bets

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $7.55, for a total value of $332,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mukul Kumar sold 5,573 shares of the company’s stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $8.61, for a total transaction of $47,983.53. Following the completion of the transaction, the insider owned 87,341 shares in the company, valued at approximately $752,006.01. This trade represents a 6.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 301,335 shares of company stock worth $2,544,344 in the last three months. Insiders own 26.42% of the company’s stock.

Hedge Funds Weigh In On PubMatic

Large investors have recently made changes to their positions in the company. CenterBook Partners LP grew its position in shares of PubMatic by 239.0% during the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock worth $6,197,000 after purchasing an additional 527,650 shares in the last quarter. UBS Group AG grew its position in PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after buying an additional 303,479 shares in the last quarter. Roubaix Capital LLC bought a new position in PubMatic during the 3rd quarter worth $2,247,000. Two Sigma Investments LP increased its stake in PubMatic by 146.7% during the 3rd quarter. Two Sigma Investments LP now owns 384,905 shares of the company’s stock worth $3,187,000 after acquiring an additional 228,878 shares during the period. Finally, Acuitas Investments LLC raised its holdings in PubMatic by 142.8% in the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after acquiring an additional 209,159 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

PubMatic Price Performance

Shares of PubMatic stock opened at $7.63 on Wednesday. The firm has a market cap of $354.15 million, a price-to-earnings ratio of -40.16 and a beta of 1.49. The stock’s 50-day moving average is $8.65 and its 200-day moving average is $9.06. PubMatic has a one year low of $7.01 and a one year high of $17.32.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $67.96 million during the quarter, compared to the consensus estimate of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. On average, equities analysts expect that PubMatic will post 0.22 EPS for the current 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.