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

PubMatic, Inc. (NASDAQ:PUBM) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.8750.

A number of analysts have recently weighed in on PUBM shares. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Rosenblatt Securities restated a “buy” rating and issued a $21.00 target price on shares of PubMatic in a research note on Thursday, April 23rd. B. Riley Financial reiterated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their price objective on PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th.

PubMatic Stock Performance

Shares of NASDAQ:PUBM opened at $11.24 on Tuesday. PubMatic has a twelve month low of $6.15 and a twelve month high of $13.88. The firm has a market cap of $521.99 million, a PE ratio of -29.58 and a beta of 1.56. The business has a fifty day moving average of $9.81 and a 200-day moving average of $8.71.

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

Insider Transactions at PubMatic

In related news, Chairman Amar K. Goel sold 6,528 shares of PubMatic stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total value of $53,333.76. Following the completion of the sale, the chairman directly owned 24,066 shares in the company, valued at $196,619.22. This trade represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lisa Gimbel sold 2,863 shares of PubMatic stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $9.89, for a total value of $28,315.07. Following the completion of the sale, the chief accounting officer owned 13,677 shares of the company’s stock, valued at approximately $135,265.53. The trade was a 17.31% 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. Over the last 90 days, insiders sold 245,876 shares of company stock valued at $2,238,967. 27.78% of the stock is currently owned by insiders.

Institutional Trading of PubMatic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in PubMatic in the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd grew its position in shares of PubMatic by 75.6% during 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 during the period. Tower Research Capital LLC TRC grew 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. State of Wyoming acquired a new position in shares of PubMatic during the 1st quarter worth about $61,000. Finally, BNP Paribas Financial Markets grew its position 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 buying an additional 4,856 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

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.