PubMatic (NASDAQ:PUBM) Price Target Raised to $20.00

PubMatic (NASDAQ:PUBM) had its target price lifted by equities researchers at Citizens Jmp from $12.00 to $20.00 in a report released on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 10.59% from the stock’s previous close.

Several other equities research analysts also recently issued reports on PUBM. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Friday, July 17th. Lake Street Capital reissued a “buy” rating on shares of PubMatic in a research note on Friday. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $8.00 to $21.00 in a report on Friday. Raymond James Financial raised shares of PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday. Finally, Rosenblatt Securities increased their price target on PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.22.

PubMatic Price Performance

NASDAQ:PUBM traded up $4.61 during mid-day trading on Friday, reaching $18.09. The company’s stock had a trading volume of 1,712,499 shares, compared to its average volume of 669,246. The company’s fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $9.87. PubMatic has a twelve month low of $6.15 and a twelve month high of $18.44. The stock has a market cap of $839.87 million, a P/E ratio of -47.43 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.30. The company had revenue of $78.59 million during the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. Sell-side analysts expect that PubMatic will post -0.26 EPS for the current fiscal year.

Insider Activity at PubMatic

In related news, General Counsel Andrew Woods sold 5,758 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total transaction of $78,596.70. Following the completion of the sale, the general counsel directly owned 81,331 shares of the company’s stock, valued at approximately $1,110,168.15. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Amar K. Goel sold 6,584 shares of PubMatic stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total transaction of $89,871.60. Following the sale, the chairman directly owned 35,580 shares in the company, valued at $485,667. This trade represents a 15.62% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 324,284 shares of company stock valued at $3,994,693. 27.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PubMatic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUBM. Jane Street Group LLC lifted its stake in shares of PubMatic by 55.7% in the first quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock worth $1,000,000 after acquiring an additional 39,124 shares in the last quarter. Creative Planning acquired a new stake in PubMatic during the 2nd quarter valued at approximately $269,000. Rhumbline Advisers increased its holdings in PubMatic by 9.7% during the 2nd quarter. Rhumbline Advisers now owns 65,840 shares of the company’s stock worth $819,000 after purchasing an additional 5,828 shares during the last quarter. Hsbc Holdings PLC increased its holdings in PubMatic by 15.0% during the 2nd quarter. Hsbc Holdings PLC now owns 46,637 shares of the company’s stock worth $596,000 after purchasing an additional 6,066 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of PubMatic by 10.0% in the 2nd quarter. Invesco Ltd. now owns 81,994 shares of the company’s stock valued at $1,020,000 after purchasing an additional 7,468 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Q2 results exceeded expectations. PubMatic reported adjusted earnings of $0.12 per share, compared with the consensus estimate of $0.03, and revenue of $78.59 million versus expectations of $68.95 million. Earnings also improved from $0.05 per share a year earlier. PubMatic Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management highlighted improving growth and profitability. The company described the quarter as an inflection point, citing earlier-than-expected double-digit revenue growth, expanded profitability and stronger competitive positioning in AgenticOS, connected TV and mobile applications. PubMatic Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance was above Wall Street expectations. PubMatic forecast revenue of $75 million to $77 million, ahead of the $71.1 million consensus estimate, reinforcing optimism about continued demand. PubMatic Q3 Guidance and Financial Results
• Positive Sentiment: Rosenblatt Securities raised its price target from $21 to $23 and assigned a “buy” rating, signaling additional potential upside based on the improved outlook. Benzinga analyst rating report
• Positive Sentiment: PubMatic launched a governance framework for autonomous advertising on AgenticOS, which could support advertiser trust and adoption of its AI-powered advertising platform. PubMatic Agentic Advertising Governance Framework
• Neutral Sentiment: Chief Financial Officer Steve Pantelick announced a planned retirement. The transition introduces an executive-change consideration, although it was described as planned rather than unexpected. PubMatic CFO Retirement Announcement

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.