Nuveen LLC Purchases New Position in PubMatic, Inc. $PUBM

Key Points

• Nuveen LLC has acquired a new position in PubMatic, purchasing 433,575 shares valued at approximately $3.96 million, representing about 0.89% of the company.
• Several analysts have recently downgraded their ratings on PubMatic, with B. Riley reducing its target price from $17.00 to $9.00 and Lake Street Capital lowering theirs from $19.00 to $9.50.
• PubMatic's stock performance includes a recent quarterly earnings report showing a loss of ($0.11) EPS, missing estimates, despite a revenue increase of 5.6% compared to the previous year.

Nuveen LLC bought a new position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 433,575 shares of the company's stock, valued at approximately $3,963,000. Nuveen LLC owned about 0.89% of PubMatic as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of PubMatic by 2.3% during the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after purchasing an additional 1,341 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of PubMatic during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC increased its position in shares of PubMatic by 75.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after buying an additional 2,240 shares during the period. US Bancorp DE increased its position in shares of PubMatic by 21.3% during the first quarter. US Bancorp DE now owns 14,736 shares of the company's stock valued at $135,000 after buying an additional 2,591 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of PubMatic by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,025 shares of the company's stock worth $397,000 after acquiring an additional 2,647 shares during the period. Institutional investors own 64.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PUBM shares. Evercore ISI reduced their target price on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. B. Riley cut shares of PubMatic from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $17.00 to $9.00 in a research note on Tuesday, August 12th. JMP Securities dropped their price target on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Royal Bank Of Canada dropped their price target on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Finally, Lake Street Capital cut shares of PubMatic from a "buy" rating to a "hold" rating and dropped their price target for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, PubMatic has a consensus rating of "Moderate Buy" and a consensus target price of $12.44.

PubMatic Price Performance

PubMatic stock traded down $0.09 during mid-day trading on Friday, reaching $8.67. 364,873 shares of the stock traded hands, compared to its average volume of 924,549. PubMatic, Inc. has a 12-month low of $7.01 and a 12-month high of $17.74. The business's 50-day moving average is $11.14 and its 200-day moving average is $10.95. The stock has a market capitalization of $396.39 million, a PE ratio of -123.84 and a beta of 1.54.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.13). PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The firm had revenue of $71.10 million for the quarter, compared to the consensus estimate of $67.77 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. PubMatic has set its Q3 2025 guidance at EPS. Equities analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Insider Transactions at PubMatic

In other news, CEO Rajeev K. Goel sold 44,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $11.28, for a total transaction of $496,320.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Amar K. Goel sold 4,417 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total value of $55,477.52. Following the completion of the transaction, the chairman directly owned 20,516 shares of the company's stock, valued at approximately $257,680.96. This trade represents a 17.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 332,962 shares of company stock valued at $3,847,638. Company insiders own 26.42% of the company's stock.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.