Strs Ohio Makes New Investment in PubMatic, Inc. $PUBM

Key Points

• Strs Ohio invested approximately $284,000 in PubMatic, Inc. by acquiring 31,100 shares, representing about 0.06% of the company.
• PubMatic's stock has decreased by 3.9%, with a current price of $8.36, and it has a market capitalization of $382.22 million.
• Despite a revenue increase of 5.6% year-over-year, PubMatic reported a loss of ($0.11) EPS, missing analysts' forecasts significantly.

Strs Ohio acquired a new stake in PubMatic, Inc. (NASDAQ:PUBM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,100 shares of the company's stock, valued at approximately $284,000. Strs Ohio owned about 0.06% of PubMatic as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after purchasing an additional 2,785 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of PubMatic in the 1st quarter valued at approximately $69,000. Quantbot Technologies LP purchased a new position in shares of PubMatic in the 1st quarter valued at approximately $78,000. State of Wyoming purchased a new position in shares of PubMatic in the 1st quarter valued at approximately $82,000. Finally, Corton Capital Inc. purchased a new position in shares of PubMatic in the 1st quarter valued at approximately $91,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Stock Down 3.9%

Shares of PUBM opened at $8.36 on Wednesday. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.74. The company has a market capitalization of $382.22 million, a PE ratio of -119.41 and a beta of 1.51. The stock has a fifty day simple moving average of $9.80 and a two-hundred day simple moving average of $10.33.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Lake Street Capital lowered shares of PubMatic from a "buy" rating to a "hold" rating and decreased their price objective for the company from $19.00 to $9.50 in a research report on Tuesday, August 12th. JMP Securities cut their price target on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price target on shares of PubMatic in a report on Tuesday, September 9th. Scotiabank cut their price target 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. Finally, B. Riley downgraded shares of PubMatic from a "buy" rating to a "neutral" rating and cut their price target for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, PubMatic currently has an average rating of "Moderate Buy" and an average price target of $12.44.

Insiders Place Their Bets

In related news, CFO Steven Pantelick sold 3,676 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $8.44, for a total transaction of $31,025.44. Following the completion of the sale, the chief financial officer directly owned 27,026 shares of the company's stock, valued at approximately $228,099.44. This trade represents a 11.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Amar K. Goel sold 8,020 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $8.45, for a total value of $67,769.00. Following the sale, the chairman directly owned 12,496 shares of the company's stock, valued at $105,591.20. The trade was a 39.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 354,914 shares of company stock valued at $3,807,933 over the last 90 days. Company 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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