Brokerages Set PubMatic, Inc. (NASDAQ:PUBM) PT at $18.25

by · The Markets Daily

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.25.

PUBM has been the topic of a number of research reports. Rosenblatt Securities boosted their target price on shares of PubMatic from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $8.00 to $21.00 in a research report on Friday, August 7th. Wall Street Zen lowered shares of PubMatic from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Lake Street Capital reiterated a “buy” rating and issued a $20.00 target price on shares of PubMatic in a research note on Friday, August 7th. Finally, Weiss Ratings lowered PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th.

View Our Latest Report on PubMatic

PubMatic Stock Up 1.6%

PUBM opened at $16.49 on Thursday. The firm has a market capitalization of $751.12 million, a P/E ratio of -54.96 and a beta of 1.58. The stock’s 50 day moving average price is $15.06 and its two-hundred day moving average price is $11.64. PubMatic has a 12-month low of $6.15 and a 12-month high of $18.44.

PubMatic (NASDAQ:PUBM – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.15. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%.The company had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. As a group, analysts anticipate that PubMatic will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Rajeev K. Goel sold 211,302 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $17.74, for a total value of $3,748,497.48. Following the sale, the chief executive officer owned 31,692 shares of the company’s stock, valued at $562,216.08. The trade was a 86.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Andrew Woods sold 38,331 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $17.96, for a total value of $688,424.76. Following the completion of the sale, the general counsel owned 39,761 shares in the company, valued at $714,107.56. This trade represents a 49.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 581,703 shares of company stock worth $9,151,166 over the last quarter. Company insiders own 27.78% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently made changes to their positions in PUBM. Quarry LP acquired a new stake in shares of PubMatic during the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its position in PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares in the last quarter. State of Wyoming acquired a new position in PubMatic in the first quarter valued at about $61,000. Tower Research Capital LLC TRC grew its stake in PubMatic by 264.8% during the second 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 last quarter. Finally, BNP Paribas Financial Markets grew its stake in PubMatic by 120.8% during the third 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 last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Company Profile

(Get Free Report)

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.

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