PubMatic, Inc. $PUBM Shares Bought by Leibman Financial Services Inc.

Key Points

• Leibman Financial Services Inc. increased its holdings in PubMatic by 65.7%, acquiring an additional 41,499 shares, bringing its total ownership to approximately 0.22% valued at $1,302,000.
• Recent analyst ratings for PubMatic saw downgrades from multiple firms, with B. Riley and Lake Street Capital reducing their price targets significantly from $17.00 and $19.00 to $9.00 and $9.50, respectively.
• PubMatic reported a revenue increase of 5.6% year-over-year, totaling $71.10 million for the quarter, but missed earnings estimates with an EPS of ($0.11).

Leibman Financial Services Inc. boosted its position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 65.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 104,683 shares of the company's stock after purchasing an additional 41,499 shares during the quarter. Leibman Financial Services Inc. owned about 0.22% of PubMatic worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PUBM. Inspire Investing LLC lifted its stake in PubMatic by 37.9% during the 1st quarter. Inspire Investing LLC now owns 37,420 shares of the company's stock valued at $342,000 after acquiring an additional 10,282 shares during the period. Rhumbline Advisers raised its stake in PubMatic by 2.3% during the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after acquiring an additional 1,341 shares during the period. Strs Ohio bought a new stake in shares of PubMatic during the first quarter valued at approximately $284,000. Acadian Asset Management LLC raised its position in shares of PubMatic by 483.6% during the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company's stock valued at $4,174,000 after buying an additional 378,714 shares during the last quarter. Finally, Jane Street Group LLC raised its position 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 valued at $1,000,000 after buying an additional 39,124 shares during the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PUBM. Rosenblatt Securities reissued a "buy" rating and issued a $17.00 target price on shares of PubMatic in a report on Tuesday, September 9th. JMP Securities cut their target price on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Scotiabank dropped their price objective on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 12th. Lake Street Capital lowered shares of PubMatic from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada decreased their target price on PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.44.

PubMatic Stock Performance

NASDAQ PUBM traded down $0.01 during trading hours on Friday, reaching $8.63. The stock had a trading volume of 1,001,343 shares, compared to its average volume of 521,255. The stock has a fifty day moving average of $9.96 and a 200 day moving average of $10.35. The stock has a market cap of $394.56 million, a P/E ratio of -123.27 and a beta of 1.51. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.11) 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 during the quarter, compared to analysts' expectations of $67.77 million. During the same quarter in the prior year, the company earned $0.04 EPS. PubMatic's quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Insider Transactions at PubMatic

In other news, CEO Rajeev K. Goel sold 44,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Pantelick sold 15,690 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $12.82, for a total value of $201,145.80. Following the completion of the transaction, the chief financial officer directly owned 30,702 shares of the company's stock, valued at approximately $393,599.64. This represents a 33.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 398,914 shares of company stock valued at $4,292,813 in the last three months. 26.42% of the stock is currently owned by company insiders.

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.