PubMatic, Inc. (NASDAQ:PUBM) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• PubMatic has an average analyst rating of Moderate Buy from nine analysts (1 sell, 1 hold, 6 buy, 1 strong buy) with an average 12‑month price target of $12.63.
• Insiders have sold 280,290 shares (~$2.32M) in the past three months — including sales by the chairman and general counsel — leaving insiders with 27.78% ownership.
• In the most recent quarter PubMatic reported a ($0.27) EPS loss that beat estimates by $0.05 and revenue of $62.57M (above expectations), though the company remains unprofitable with negative net margin and ROE; shares traded around $10.24 and market cap is about $485M.

Shares of PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.6250.

A number of research firms have recently commented on PUBM. Wall Street Zen raised shares of PubMatic from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Rosenblatt Securities reaffirmed a "buy" rating and set a $21.00 price target on shares of PubMatic in a research note on Thursday, April 23rd. Lake Street Capital upgraded shares of PubMatic from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. B. Riley Financial raised shares of PubMatic from a "neutral" rating to a "buy" rating and upped their price objective for the company from $10.00 to $10.50 in a research report on Friday, February 27th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of PubMatic in a research note on Tuesday, April 21st.

Insider Transactions at PubMatic

In other PubMatic news, Chairman Amar K. Goel sold 6,528 shares of the firm'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 $53,333.76. Following the completion of the transaction, the chairman directly owned 24,066 shares of the company's stock, valued at $196,619.22. This trade represents a 21.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew Woods sold 5,710 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $46,650.70. Following the transaction, the general counsel directly owned 69,882 shares of the company's stock, valued at approximately $570,935.94. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 280,290 shares of company stock valued at $2,324,965 in the last three months. 27.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PubMatic

Several large investors have recently modified their holdings of the stock. Roubaix Capital LLC acquired a new position in shares of PubMatic during the third quarter valued at approximately $2,247,000. Acuitas Investments LLC lifted its position in PubMatic by 142.8% in the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company's stock worth $2,945,000 after purchasing an additional 209,159 shares during the period. CenterBook Partners LP boosted its stake in 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 purchasing an additional 527,650 shares in the last quarter. Simcoe Capital LLC bought a new position in PubMatic during the 4th quarter valued at $3,625,000. Finally, M&T Bank Corp acquired a new position in shares of PubMatic during the 4th quarter valued at $91,000. Institutional investors own 64.26% of the company's stock.

PubMatic Stock Performance

Shares of NASDAQ:PUBM opened at $10.24 on Friday. The business's 50-day simple moving average is $8.71 and its 200 day simple moving average is $8.39. The company has a market cap of $485.38 million, a P/E ratio of -33.03 and a beta of 1.54. PubMatic has a one year low of $6.15 and a one year high of $13.88.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $0.05. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The firm had revenue of $62.57 million during the quarter, compared to analysts' expectations of $60.42 million. Analysts predict that PubMatic will post -0.38 earnings per share for the current 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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