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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. One 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 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.8750.

PUBM has been the topic of a number of recent analyst reports. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Royal Bank Of Canada boosted their target price on PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 price target on shares of PubMatic in a report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Friday, July 17th.

Insider Transactions at PubMatic

In other PubMatic news, General Counsel Andrew Woods sold 5,758 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total value of $78,596.70. Following the completion of the transaction, the general counsel directly owned 81,331 shares of the company’s stock, valued at approximately $1,110,168.15. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Steven Pantelick sold 12,548 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.42, for a total transaction of $168,394.16. Following the transaction, the chief financial officer owned 52,272 shares in the company, valued at $701,490.24. The trade was a 19.36% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 274,305 shares of company stock worth $3,377,453. Corporate insiders own 27.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PUBM. Jane Street Group LLC boosted its position in PubMatic by 55.7% in the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock valued at $1,000,000 after buying an additional 39,124 shares during the last quarter. Creative Planning acquired a new position in PubMatic during the 2nd quarter valued at about $269,000. Rhumbline Advisers lifted its position in PubMatic by 9.7% during the 2nd quarter. Rhumbline Advisers now owns 65,840 shares of the company’s stock valued at $819,000 after purchasing an additional 5,828 shares during the period. Hsbc Holdings PLC lifted its position in PubMatic by 15.0% during the 2nd quarter. Hsbc Holdings PLC now owns 46,637 shares of the company’s stock valued at $596,000 after purchasing an additional 6,066 shares during the period. Finally, Invesco Ltd. boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Price Performance

Shares of NASDAQ:PUBM opened at $12.52 on Wednesday. The business’s fifty day moving average price is $12.04 and its two-hundred day moving average price is $9.56. PubMatic has a fifty-two week low of $6.15 and a fifty-two week high of $14.04. The stock has a market capitalization of $581.43 million, a price-to-earnings ratio of -32.95 and a beta of 1.51.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) 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 analysts’ expectations of $60.42 million. Research analysts expect that PubMatic will post -0.26 EPS for the current fiscal year.

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.