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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.8750.

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. 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 reiterated a “buy” rating and set a $21.00 target price on shares of PubMatic in a research note on Thursday, April 23rd. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada upped their target price on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th.

Insider Buying and Selling at PubMatic

In other news, CEO Rajeev K. Goel sold 49,916 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $407,813.72. Following the completion of the transaction, the chief executive officer owned 47,740 shares in the company, valued at approximately $390,035.80. This represents a 51.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Amar K. Goel sold 6,528 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $53,333.76. Following the completion of the transaction, the chairman owned 24,066 shares of the company’s stock, valued at approximately $196,619.22. This represents a 21.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 289,876 shares of company stock worth $2,622,647. Corporate insiders own 27.78% of the company’s stock.

Hedge Funds Weigh In On PubMatic

A number of hedge funds have recently made changes to their positions in PUBM. Quarry LP acquired a new position in shares of PubMatic in the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $39,000 after buying an additional 1,915 shares in the last quarter. State of Wyoming acquired a new position in shares of PubMatic in the 1st quarter valued at $61,000. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 3,541 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of 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. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Price Performance

NASDAQ:PUBM opened at $11.54 on Tuesday. The stock has a market cap of $535.92 million, a P/E ratio of -30.37 and a beta of 1.57. PubMatic has a one year low of $6.15 and a one year high of $13.88. The company has a fifty day moving average price of $9.75 and a 200 day moving average price of $8.70.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.05. The firm had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. As a group, equities research analysts anticipate that PubMatic will post -0.25 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.