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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.8750.

PUBM has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 price target on shares of PubMatic in a report on Thursday, April 23rd. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada increased their price target 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.

PubMatic Stock Performance

Shares of PUBM opened at $13.55 on Friday. The firm has a market capitalization of $629.26 million, a price-to-earnings ratio of -35.66 and a beta of 1.51. The firm’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $9.11. PubMatic has a twelve month low of $6.15 and a twelve month high of $13.99.

PubMatic (NASDAQ:PUBM) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. On average, analysts predict that PubMatic will post -0.26 earnings per share for the current fiscal year.

Insider Activity at PubMatic

In other news, CFO Steven Pantelick sold 16,282 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.44, for a total value of $137,420.08. Following the completion of the transaction, the chief financial officer owned 41,319 shares in the company, valued at approximately $348,732.36. This represents a 28.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mukul Kumar sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $11.96, for a total transaction of $95,680.00. Following the completion of the transaction, the insider directly owned 100,869 shares in the company, valued at $1,206,393.24. This trade represents a 7.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 246,222 shares of company stock worth $2,515,665 over the last 90 days. 27.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PubMatic

Large investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of PubMatic during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $39,000 after purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 3,541 shares during the period. State of Wyoming acquired a new stake in shares of PubMatic in the 1st quarter valued at about $61,000. Finally, BNP Paribas Financial Markets grew its stake in 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 last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.