Pinnacle Holdings LLC Acquires New Stake in PubMatic, Inc. $PUBM

Key Points

• Pinnacle Holdings LLC has invested approximately $1.04 million in PubMatic, purchasing 113,736 shares during the first quarter, equating to ownership of 0.23% of the company.
• PubMatic reported a loss of $0.11 EPS for the last quarter, missing analysts' expectations, but its revenue grew by 5.6% year-over-year to $71.10 million.
• A number of analysts have downgraded PubMatic's stock rating, with B. Riley reducing its price target from $17.00 to $9.00, reflecting changing sentiments among market experts.

Pinnacle Holdings LLC purchased a new position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 113,736 shares of the company's stock, valued at approximately $1,040,000. Pinnacle Holdings LLC owned approximately 0.23% of PubMatic as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of PubMatic by 23,208.3% during the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after purchasing an additional 2,785 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in PubMatic in the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PubMatic in the fourth quarter valued at approximately $57,000. Headlands Technologies LLC acquired a new stake in PubMatic in the first quarter valued at approximately $69,000. Finally, Tower Research Capital LLC TRC raised its holdings in PubMatic by 75.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after acquiring an additional 2,240 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

Insider Buying and Selling at PubMatic

In related news, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, August 18th. The shares were sold at an average price of $8.42, for a total value of $370,480.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mukul Kumar sold 5,366 shares of PubMatic stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.56, for a total transaction of $67,396.96. Following the completion of the transaction, the insider owned 68,960 shares in the company, valued at approximately $866,137.60. This trade represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 329,286 shares of company stock valued at $3,816,613. 26.42% of the stock is currently owned by insiders.

PubMatic Price Performance

Shares of PUBM traded up $0.5070 during mid-day trading on Thursday, reaching $8.3270. 629,298 shares of the company's stock were exchanged, compared to its average volume of 590,290. The stock has a market capitalization of $404.11 million, a PE ratio of -118.98 and a beta of 1.54. The business's fifty day simple moving average is $11.48 and its 200-day simple moving average is $11.31. 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 announced its 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). The business had revenue of $71.10 million for the quarter, compared to analysts' expectations of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The business's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. Equities research analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PUBM shares. Scotiabank reduced their target price on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 12th. 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 report on Wednesday, August 13th. Royal Bank Of Canada reduced 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. B. Riley lowered shares of PubMatic from a "buy" rating to a "neutral" rating and dropped their price target for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, PubMatic currently has an average rating of "Moderate Buy" and a consensus price target of $12.44.

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.