PubMatic's (PUBM) "Buy" Rating Reiterated at Rosenblatt Securities

Key Points

• Rosenblatt Securities has reaffirmed a "Buy" rating for PubMatic (NASDAQ:PUBM) with a target price of $17.00, suggesting a potential upside of 98.83% from its current stock price.
• Recent research reports from other analysts have varied, with JMP Securities and Evercore ISI lowering their price targets to $12.00, while B. Riley and Lake Street Capital reduced their targets to $9.00 and $9.50, respectively.
• PubMatic reported a loss of $0.11 per share last quarter, missing estimates, but saw revenue of $71.10 million, which is a 5.6% increase compared to the same quarter last year.

Rosenblatt Securities reaffirmed their buy rating on shares of PubMatic (NASDAQ:PUBM - Free Report) in a research note released on Tuesday morning,Benzinga reports. They currently have a $17.00 target price on the stock.

A number of other research analysts also recently issued reports on the stock. Evercore ISI dropped their target price on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Royal Bank Of Canada cut their price objective on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Scotiabank decreased their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 12th. B. Riley lowered PubMatic from a "buy" rating to a "neutral" rating and cut their price target for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. Finally, Lake Street Capital downgraded PubMatic from a "buy" rating to a "hold" rating and decreased their price objective for the company from $19.00 to $9.50 in a report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, PubMatic has an average rating of "Moderate Buy" and a consensus price target of $12.44.

PubMatic Price Performance

NASDAQ PUBM traded down $0.30 during mid-day trading on Tuesday, reaching $8.22. 488,180 shares of the stock were exchanged, compared to its average volume of 601,771. The stock has a market cap of $375.84 million, a P/E ratio of -117.41 and a beta of 1.51. PubMatic has a one year low of $7.01 and a one year high of $17.74. The stock has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $10.47.

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 analysts' consensus estimates of $0.02 by ($0.13). PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The business had revenue of $71.10 million during the quarter, compared to analyst estimates of $67.77 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. PubMatic has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that PubMatic will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $8.45, for a total transaction of $371,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajeev K. Goel sold 44,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $11.28, for a total transaction of $496,320.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,914 shares of company stock valued at $3,931,133. 26.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On PubMatic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in PubMatic during the first quarter worth about $379,000. State of Wyoming bought a new position in PubMatic in the 1st quarter worth approximately $82,000. Deutsche Bank AG grew its stake in PubMatic by 15.3% in the 4th quarter. Deutsche Bank AG now owns 95,117 shares of the company's stock valued at $1,397,000 after buying an additional 12,645 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in PubMatic during the 4th quarter valued at $431,000. Finally, Victory Capital Management Inc. lifted its position in shares of PubMatic by 29.4% during the first quarter. Victory Capital Management Inc. now owns 92,733 shares of the company's stock worth $848,000 after acquiring an additional 21,065 shares in the last quarter. 64.26% of the stock is currently owned by institutional investors.

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.