PubMatic, Inc. $PUBM Shares Bought by Nixon Capital LLC

Key Points

• Nixon Capital LLC increased its stake in PubMatic, Inc. by 8.7%, now holding approximately 1.3% of the company, worth around $5.75 million.
• PubMatic's latest quarterly earnings report revealed a loss of ($0.11) earnings per share, significantly below analysts' expectations of $0.02, despite a 5.6% year-over-year revenue increase.
• Several analysts downgraded their price targets for PubMatic, with JMP Securities lowering it from $16.00 to $12.00, while B. Riley cut it from $17.00 to $9.00.

Nixon Capital LLC lifted its stake in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 628,753 shares of the company's stock after buying an additional 50,494 shares during the quarter. PubMatic makes up 2.0% of Nixon Capital LLC's holdings, making the stock its 20th largest position. Nixon Capital LLC owned about 1.30% of PubMatic worth $5,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after buying an additional 2,785 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of PubMatic in the fourth quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PubMatic in the fourth quarter worth about $57,000. Headlands Technologies LLC purchased a new stake in shares of PubMatic in the first quarter worth about $69,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of PubMatic by 75.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after buying an additional 2,240 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.

PubMatic Price Performance

PUBM stock traded up $0.06 during mid-day trading on Friday, reaching $8.37. 334,048 shares of the company's stock were exchanged, compared to its average volume of 864,241. The company has a market cap of $382.68 million, a price-to-earnings ratio of -119.55 and a beta of 1.52. The stock's 50 day moving average is $10.85 and its 200 day moving average is $10.63. PubMatic, Inc. has a 12-month low of $7.01 and a 12-month high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13). The firm had revenue of $71.10 million during 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 revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. On average, research analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PUBM has been the topic of a number of recent research reports. Evercore ISI lowered their target price on PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. Scotiabank lowered their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 12th. B. Riley downgraded PubMatic from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $17.00 to $9.00 in a research report on Tuesday, August 12th. Lake Street Capital downgraded PubMatic from a "buy" rating to a "hold" rating and lowered their price target for the stock from $19.00 to $9.50 in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada lowered their price target on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.44.

Insider Transactions at PubMatic

In other news, CFO Steven Pantelick sold 3,676 shares of PubMatic stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $8.44, for a total value of $31,025.44. Following the sale, the chief financial officer directly owned 27,026 shares of the company's stock, valued at $228,099.44. The trade was a 11.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Amar K. Goel sold 8,020 shares of PubMatic stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $8.45, for a total value of $67,769.00. Following the completion of the sale, the chairman directly owned 12,496 shares in the company, valued at $105,591.20. This represents a 39.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,914 shares of company stock valued at $3,931,133. Insiders own 26.42% of the company's stock.

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.