Public Employees Retirement System of Ohio Invests $419,000 in PubMatic, Inc. $PUBM

Key Points

• The Public Employees Retirement System of Ohio has acquired a new stake in PubMatic, Inc., purchasing 33,700 shares valued at approximately $419,000.
• PubMatic's stock has received mixed reviews from analysts, with a consensus rating of "Hold" and a target price of $12.44, though some firms have recently downgraded their ratings.
• In its most recent earnings report, PubMatic posted a loss of ($0.11) EPS, missing analysts' expectations, despite reporting a revenue increase of 5.6% compared to the previous year.

Public Employees Retirement System of Ohio acquired a new stake in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,700 shares of the company's stock, valued at approximately $419,000. Public Employees Retirement System of Ohio owned about 0.07% of PubMatic at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in PubMatic during the 1st quarter valued at about $379,000. Acadian Asset Management LLC lifted its position in 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 purchasing an additional 378,714 shares during the period. State of Wyoming bought a new position in PubMatic during the first quarter valued at approximately $82,000. Leibman Financial Services Inc. boosted its holdings in PubMatic by 65.7% in the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company's stock worth $1,302,000 after purchasing an additional 41,499 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in PubMatic by 29.4% in the 1st quarter. Victory Capital Management Inc. now owns 92,733 shares of the company's stock worth $848,000 after purchasing an additional 21,065 shares during the period. 64.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Lake Street Capital cut PubMatic from a "buy" rating to a "hold" rating and lowered their price target for the company from $19.00 to $9.50 in a report on Tuesday, August 12th. JMP Securities lowered their target price on PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a research report on Saturday, September 27th. Evercore ISI cut their price target on PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada lowered their price objective 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. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.44.

PubMatic Price Performance

NASDAQ PUBM opened at $8.44 on Monday. PubMatic, Inc. has a 1-year low of $7.01 and a 1-year high of $17.74. The business has a 50 day simple moving average of $9.13 and a two-hundred day simple moving average of $10.27. The stock has a market capitalization of $385.88 million, a PE ratio of -120.55 and a beta of 1.50.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $67.77 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. PubMatic has set its Q3 2025 guidance at EPS. On average, analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rajeev K. Goel sold 44,000 shares of the business's stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Also, insider Mukul Kumar sold 5,428 shares of the company's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $8.24, for a total transaction of $44,726.72. Following the sale, the insider owned 77,393 shares in the company, valued at $637,718.32. This represents a 6.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 311,131 shares of company stock worth $2,918,548. 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.

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