Fuller & Thaler Asset Management Inc. Acquires New Position in PubMatic, Inc. $PUBM

Key Points

• Fuller & Thaler Asset Management Inc. has made a new investment of $311,000 in PubMatic by purchasing 34,035 shares during the first quarter, representing 0.07% ownership.
• Several other institutional investors, including Wellington Management and Invesco, have also increased their holdings in PubMatic, which is now 64.26% owned by hedge funds and institutional investors.
• PubMatic reported a revenue of $71.10 million for the last quarter, exceeding analyst expectations, despite a reported loss per share of ($0.11), which missed consensus estimates by $0.13.

Fuller & Thaler Asset Management Inc. purchased a new position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,035 shares of the company's stock, valued at approximately $311,000. Fuller & Thaler Asset Management Inc. owned 0.07% of PubMatic at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in PubMatic by 12.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 50,903 shares of the company's stock worth $748,000 after acquiring an additional 5,835 shares in the last quarter. XTX Topco Ltd bought a new position in PubMatic in the 4th quarter worth about $228,000. Dimensional Fund Advisors LP grew its stake in PubMatic by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock worth $22,531,000 after acquiring an additional 84,317 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in PubMatic by 10.9% in 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 in the last quarter. Institutional investors own 64.26% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at PubMatic

In other PubMatic news, General Counsel Andrew Woods sold 4,084 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.56, for a total transaction of $51,295.04. Following the completion of the sale, the general counsel directly owned 44,130 shares of the company's stock, valued at approximately $554,272.80. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven Pantelick sold 15,690 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $12.82, for a total transaction of $201,145.80. Following the sale, the chief financial officer directly owned 30,702 shares of the company's stock, valued at approximately $393,599.64. The trade was a 33.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 329,286 shares of company stock valued at $3,816,613. 26.42% of the stock is currently owned by corporate insiders.

PubMatic Stock Up 6.7%

PubMatic stock traded up $0.57 during midday trading on Friday, hitting $9.07. 946,713 shares of the company's stock were exchanged, compared to its average volume of 954,147. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.74. The firm has a 50-day moving average of $11.39 and a two-hundred day moving average of $11.19.

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

About PubMatic

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.