PubMatic, Inc. (NASDAQ:PUBM) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

A number of brokerages have recently weighed in on PUBM. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and set a $21.00 price target on shares of PubMatic in a research note on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th.

PubMatic Trading Up 5.4%

Shares of PUBM opened at $13.83 on Friday. The firm has a market cap of $642.27 million, a PE ratio of -36.39 and a beta of 1.51. PubMatic has a 12 month low of $6.15 and a 12 month high of $13.99. The stock has a fifty day moving average price of $10.87 and a 200-day moving average price of $9.04.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. As a group, research analysts forecast that PubMatic will post -0.26 EPS for the current year.

Insider Activity at PubMatic

In related news, insider Mukul Kumar sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $11.96, for a total value of $95,680.00. Following the transaction, the insider directly owned 100,869 shares of the company’s stock, valued at $1,206,393.24. This represents a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajeev K. Goel sold 43,077 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $11.30, for a total value of $486,770.10. Following the completion of the transaction, the chief executive officer directly owned 43,077 shares in the company, valued at approximately $486,770.10. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 246,222 shares of company stock valued at $2,515,665 over the last three months. 27.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.