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

Key Points

• PubMatic, Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with the average 12-month price objective set at $12.43.
• The company reported a $0.11 loss per share in its most recent quarterly earnings, missing the consensus estimate of a profit by $0.13, despite achieving revenue of $71.10 million.
• Insider trading activity included CEO Rajeev K. Goel selling a total of 88,000 shares in August, indicating significant insider selling while institutional ownership stands at 64.26%.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.4375.

PUBM has been the topic of several research reports. Scotiabank dropped their price target on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 12th. JMP Securities dropped their target price on PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Evercore ISI lowered their price target on 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 lowered their price target on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Rosenblatt Securities began coverage on PubMatic in a research note on Thursday, August 21st. They set a "buy" rating and a $17.00 target price for the company.

Insiders Place Their Bets

In related news, insider Mukul Kumar sold 5,366 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total value of $67,396.96. Following the completion of the transaction, the insider owned 68,960 shares in the company, valued at $866,137.60. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 307,962 shares of company stock worth $3,552,638 over the last three months. Company insiders own 26.42% of the company's stock.

Institutional Investors Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently made changes to their positions in PUBM. Envestnet Asset Management Inc. raised its stake in shares of PubMatic by 12.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 50,903 shares of the company's stock worth $748,000 after purchasing an additional 5,835 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in PubMatic by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock valued at $22,531,000 after buying an additional 84,317 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of PubMatic by 75.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after purchasing an additional 2,240 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of PubMatic by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,025 shares of the company's stock worth $397,000 after purchasing an additional 2,647 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of PubMatic by 2.9% during the 4th quarter. Northern Trust Corp now owns 383,246 shares of the company's stock worth $5,630,000 after purchasing an additional 10,749 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Stock Down 1.0%

NASDAQ PUBM traded down $0.09 on Friday, reaching $8.67. The company had a trading volume of 364,873 shares, compared to its average volume of 916,523. The firm has a 50-day moving average of $11.14 and a 200-day moving average of $10.88. PubMatic has a 1 year low of $7.01 and a 1 year high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 net margin of 0.58% and a negative return on equity of 0.64%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that PubMatic will post 0.22 EPS for the current fiscal year.

PubMatic Company Profile

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.