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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.8750.

Several research analysts have recently commented on PUBM shares. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price objective on shares of PubMatic in a research note on Thursday, April 23rd. 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 report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Finally, B. Riley Financial reiterated a “buy” rating on shares of PubMatic in a research note on Friday.

Insider Activity

In other news, General Counsel Andrew Woods sold 5,710 shares of PubMatic stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $46,650.70. Following the transaction, the general counsel owned 69,882 shares of the company’s stock, valued at $570,935.94. This trade represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $63,971.10. Following the sale, the insider directly owned 99,485 shares of the company’s stock, valued at approximately $812,792.45. This represents a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 280,290 shares of company stock valued at $2,324,965. Insiders own 27.78% of the company’s stock.

Hedge Funds Weigh In On PubMatic

Several large investors have recently bought and sold shares of PUBM. Quarry LP bought a new stake in shares of PubMatic in the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $39,000 after buying an additional 1,915 shares in 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 period. BNP Paribas Financial Markets boosted its stake in PubMatic by 120.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after buying an additional 4,856 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in PubMatic in the 4th quarter valued at $91,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Price Performance

Shares of PubMatic stock opened at $9.78 on Friday. The firm has a market cap of $463.57 million, a price-to-earnings ratio of -25.74 and a beta of 1.54. PubMatic has a 52-week low of $6.15 and a 52-week high of $13.88. The stock has a 50-day simple moving average of $8.88 and a 200-day simple moving average of $8.42.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The firm had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. As a group, equities research analysts predict that PubMatic will post -0.38 earnings per share 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.