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

Key Points

• PubMatic, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with an average 12-month target price of approximately $12.44.
• The company's recent quarterly earnings report showed a loss of ($0.11) EPS despite revenue of $71.10 million, which was above analyst estimates.
• Significant insider selling occurred, including CEO Rajeev K. Goel selling 44,000 shares at an average price of $8.22, amounting to over $361,000.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.4375.

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada lowered their price target 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price target on shares of PubMatic in a research note on Tuesday, September 9th. B. Riley cut shares of PubMatic from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $17.00 to $9.00 in a research note on Tuesday, August 12th. Wall Street Zen raised shares of PubMatic from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Evercore ISI lowered their price target on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th.

PubMatic Stock Performance

Shares of PUBM opened at $8.44 on Thursday. The stock has a market capitalization of $385.88 million, a P/E ratio of -120.55 and a beta of 1.51. The company's fifty day moving average is $9.73 and its two-hundred day moving average is $10.32. PubMatic has a 1 year low of $7.01 and a 1 year high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). The firm had revenue of $71.10 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. Sell-side analysts predict that PubMatic will post 0.22 EPS for the current year.

Insider Buying and Selling at PubMatic

In related news, CEO Rajeev K. Goel sold 44,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $8.22, for a total value of $361,680.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Amar K. Goel sold 8,020 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $8.45, for a total transaction of $67,769.00. Following the completion of the sale, the chairman owned 12,496 shares in the company, valued at $105,591.20. This represents a 39.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 354,914 shares of company stock valued at $3,807,933 over the last 90 days. 26.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of PubMatic by 2.3% in the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after buying an additional 1,341 shares in the last quarter. US Bancorp DE boosted its position in shares of PubMatic by 21.3% in the 1st quarter. US Bancorp DE now owns 14,736 shares of the company's stock worth $135,000 after buying an additional 2,591 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PubMatic by 1.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company's stock worth $1,757,000 after buying an additional 2,654 shares in the last quarter. GAMMA Investing LLC boosted 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 worth $26,000 after buying an additional 2,785 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in PubMatic by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 346,047 shares of the company's stock valued at $4,436,000 after purchasing an additional 3,263 shares in the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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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