PubMatic (NASDAQ:PUBM) Now Covered by Analysts at Rosenblatt Securities

Key Points

• Rosenblatt Securities has initiated coverage of PubMatic (NASDAQ:PUBM) with a "buy" rating and a price target of $17.00, suggesting a potential upside of 117.39%.
• Recent analyst reports have seen mixed ratings, with Lake Street Capital downgrading PubMatic to a "hold" and setting a price objective of $9.50, while Royal Bank of Canada maintains an "outperform" rating with a target of $11.00.
• PubMatic has reported a 4.6% decline in stock value, with a recent stock price of $7.82 and a negative earnings per share of ($0.11) for the last quarter.

Rosenblatt Securities initiated coverage on shares of PubMatic (NASDAQ:PUBM - Free Report) in a research note released on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $17.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. Evercore ISI decreased their target price on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. B. Riley downgraded shares of PubMatic from a "buy" rating to a "neutral" rating and decreased their target price for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. JMP Securities decreased their target price on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Lake Street Capital downgraded shares of PubMatic from a "buy" rating to a "hold" rating and decreased their target price for the company from $19.00 to $9.50 in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada decreased their target price on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.44.

PubMatic Price Performance

PUBM stock traded up $0.57 during trading on Thursday, reaching $9.07. The company had a trading volume of 946,713 shares, compared to its average volume of 926,053. PubMatic has a 52 week low of $7.01 and a 52 week high of $17.74. The company has a market cap of $440.17 million, a P/E ratio of -129.55 and a beta of 1.54. The business has a 50 day moving average of $11.39 and a 200 day moving average of $11.19.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results 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). PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The company had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. During the same period in the previous year, the company earned $0.04 earnings per share. PubMatic's quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. Research analysts expect that PubMatic will post 0.22 earnings per share for the current year.

Insider Activity at PubMatic

In related news, Chairman Amar K. Goel sold 4,417 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.56, for a total transaction of $55,477.52. Following the completion of the sale, the chairman owned 20,516 shares of the company's stock, valued at $257,680.96. This trade represents a 17.72% decrease in their ownership of the stock. 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 4,084 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.56, for a total transaction of $51,295.04. Following the sale, the general counsel directly owned 44,130 shares of the company's stock, valued at $554,272.80. This trade represents a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 329,286 shares of company stock valued at $3,816,613 over the last ninety days. Corporate insiders own 26.42% of the company's stock.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in PubMatic in the first quarter worth approximately $379,000. Tower Research Capital LLC TRC boosted its holdings in PubMatic by 75.2% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in PubMatic by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock worth $22,531,000 after purchasing an additional 84,317 shares during the last quarter. Deutsche Bank AG boosted its holdings in PubMatic by 15.3% in the fourth quarter. Deutsche Bank AG now owns 95,117 shares of the company's stock worth $1,397,000 after purchasing an additional 12,645 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in PubMatic by 12.9% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 64.26% 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.