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

Key Points

• Analysts maintain a Moderate Buy consensus on PubMatic, with 10 buy, one hold and one sell rating among 12 analysts. The average 12-month price target is $18.25.
• PubMatic’s latest quarterly results beat expectations, reporting a loss of $0.03 per share versus the projected $0.18 loss and revenue of $78.59 million versus the $68.95 million consensus estimate.
• Insiders sold $9.15 million worth of shares during the last quarter, including substantial sales by the general counsel and CFO under pre-arranged Rule 10b5-1 plans; institutional investors own 64.26% of the stock.

Shares of PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.25.

PUBM has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of PubMatic from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Lake Street Capital reaffirmed a "buy" rating and set a $20.00 price target on shares of PubMatic in a research report on Friday, August 7th. Citigroup reiterated an "outperform" rating on shares of PubMatic in a research note on Friday, August 7th. B. Riley Financial reissued a "buy" rating on shares of PubMatic in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of PubMatic from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th.

Insider Activity

In related news, General Counsel Andrew Woods sold 38,331 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $17.96, for a total value of $688,424.76. Following the completion of the sale, the general counsel directly owned 39,761 shares in the company, valued at approximately $714,107.56. This represents a 49.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Steven Pantelick sold 19,716 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $17.31, for a total value of $341,283.96. Following the completion of the transaction, the chief financial officer directly owned 10,353 shares in the company, valued at $179,210.43. This trade represents a 65.57% 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 sold 581,703 shares of company stock worth $9,151,166 in the last quarter. Insiders own 27.78% of the company's stock.

Institutional Investors Weigh In On PubMatic

Large investors have recently modified their holdings of the stock. Quarry LP acquired a new position in PubMatic during the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd grew its position in PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock valued at $39,000 after acquiring an additional 1,915 shares in the last quarter. State of Wyoming acquired a new stake in PubMatic in the first quarter valued at approximately $61,000. Tower Research Capital LLC TRC raised its stake in shares of PubMatic by 264.8% during the second 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. Finally, BNP Paribas Financial Markets raised its stake in shares of PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company's stock valued at $73,000 after purchasing an additional 4,856 shares during the period. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Trading Down 0.7%

PUBM stock opened at $16.18 on Thursday. The stock has a 50-day moving average price of $14.95 and a two-hundred day moving average price of $11.54. PubMatic has a 12-month low of $6.15 and a 12-month high of $18.44. The company has a market cap of $737.00 million, a PE ratio of -53.93 and a beta of 1.58.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.15. The company had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. Equities analysts forecast that PubMatic will post -0.09 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.