PubMatic, Inc. (NASDAQ:PUBM) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Moderate Buy consensus from nine analysts (1 sell, 1 hold, 6 buy, 1 strong buy) with an average 12‑month target of $12.63 and notable price targets ranging up to $21.00.
• Significant insider selling: CEO and CFO sold large blocks on April 2, insiders disposed of 367,474 shares (~$2.8M) in the last 90 days, though insiders still own 26.42% of the company.
• PubMatic beat Q4 estimates (EPS $0.29 vs $0.16; revenue $80.05M vs $76.12M) but remains unprofitable (negative net margin ~5.11%, negative ROE) and trades around $8.47 with a market cap of about $401M.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.6250.

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PubMatic in a report on Thursday, January 22nd. B. Riley Financial raised shares of PubMatic from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $10.00 to $10.50 in a report on Friday, February 27th. Lake Street Capital raised shares of PubMatic from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Wolfe Research reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $21.00 price objective on shares of PubMatic in a report on Friday, March 20th.

Insiders Place Their Bets

In other news, CFO Steven Pantelick sold 16,747 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $136,822.99. Following the completion of the transaction, the chief financial officer directly owned 57,601 shares in the company, valued at $470,600.17. The trade was a 22.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajeev K. Goel sold 49,916 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $407,813.72. Following the transaction, the chief executive officer owned 47,740 shares of the company's stock, valued at $390,035.80. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 367,474 shares of company stock valued at $2,801,232 over the last 90 days. Company insiders own 26.42% of the company's stock.

Institutional Trading of PubMatic

Large investors have recently modified their holdings of the business. Roubaix Capital LLC bought a new stake in shares of PubMatic during the 3rd quarter valued at about $2,247,000. CenterBook Partners LP boosted its position in shares of PubMatic by 239.0% during the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company's stock valued at $6,197,000 after acquiring an additional 527,650 shares during the last quarter. Acuitas Investments LLC boosted its position in shares of PubMatic by 142.8% during the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company's stock valued at $2,945,000 after acquiring an additional 209,159 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of PubMatic during the 3rd quarter valued at about $183,000. Finally, Prelude Capital Management LLC bought a new stake in shares of PubMatic during the 3rd quarter valued at about $176,000. Institutional investors own 64.26% of the company's stock.

PubMatic Stock Performance

PUBM opened at $8.47 on Monday. The company has a 50 day moving average of $7.65 and a 200 day moving average of $8.22. The company has a market cap of $401.48 million, a PE ratio of -27.32 and a beta of 1.48. PubMatic has a 12 month low of $6.15 and a 12 month high of $13.88.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. The company had revenue of $80.05 million during the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. Research analysts forecast that PubMatic will post 0.22 earnings per share for the current fiscal year.

PubMatic Company Profile

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq symbol: PUBM in December 2020.

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