PubMatic (NASDAQ:PUBM) Given New $20.00 Price Target at Citizens Jmp

Key Points

• Citizens JMP raised PubMatic’s price target to $20 from $12 and maintained a “market outperform” rating, implying about 10.6% upside from the reported share price. The broader analyst consensus is “Moderate Buy” with a $16.22 target.
• PubMatic shares surged 34.2% to $18.09 after the company beat quarterly expectations, reporting $0.12 EPS and $78.59 million in revenue. Management also issued third-quarter revenue guidance of $75 million–$77 million, above the $71.1 million consensus estimate.
• Despite strong institutional ownership of 64.26%, insiders sold roughly 324,284 shares worth $4.0 million over the past 90 days, including substantial sales by the CEO and another insider.

PubMatic (NASDAQ:PUBM - Get Free Report) had its price target increased by research analysts at Citizens Jmp from $12.00 to $20.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's price target would suggest a potential upside of 10.59% from the company's current price.

A number of other equities research analysts have also recently weighed in on PUBM. B. Riley Financial reissued a "buy" rating on shares of PubMatic in a research report on Friday. Citigroup reiterated an "outperform" rating on shares of PubMatic in a research report on Friday. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a report on Friday, July 17th. Rosenblatt Securities upped their target price on PubMatic from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday. Finally, Wall Street Zen upgraded PubMatic from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.22.

PubMatic Stock Up 34.2%

NASDAQ:PUBM traded up $4.61 on Friday, hitting $18.09. The stock had a trading volume of 1,712,499 shares, compared to its average volume of 669,246. The company has a fifty day moving average price of $12.52 and a two-hundred day moving average price of $9.87. The stock has a market cap of $839.87 million, a price-to-earnings ratio of -47.43 and a beta of 1.54. PubMatic has a 1-year low of $6.15 and a 1-year high of $18.44.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.30. The firm had revenue of $78.59 million during the quarter, compared to analyst estimates of $68.95 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. As a group, analysts anticipate that PubMatic will post -0.26 earnings per share for the current year.

Insider Buying and Selling at PubMatic

In related news, CEO Rajeev K. Goel sold 49,979 shares of the firm's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $12.35, for a total transaction of $617,240.65. Following the transaction, the chief executive officer owned 31,692 shares of the company's stock, valued at $391,396.20. This trade represents a 61.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mukul Kumar sold 7,897 shares of the business's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total value of $107,794.05. Following the completion of the transaction, the insider owned 112,945 shares in the company, valued at $1,541,699.25. This trade represents a 6.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 324,284 shares of company stock valued at $3,994,693. Corporate insiders own 27.78% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PUBM. Barclays PLC grew its holdings in shares of PubMatic by 1.4% during the fourth quarter. Barclays PLC now owns 126,189 shares of the company's stock worth $1,119,000 after buying an additional 1,723 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock valued at $39,000 after buying an additional 1,915 shares during the period. Versant Capital Management Inc lifted its stake in shares of PubMatic by 30.4% during the second quarter. Versant Capital Management Inc now owns 10,657 shares of the company's stock valued at $140,000 after buying an additional 2,482 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PubMatic by 1.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company's stock worth $1,757,000 after acquiring an additional 2,654 shares during the last quarter. Finally, Diversified Trust Co boosted its position in PubMatic by 20.8% during the first quarter. Diversified Trust Co now owns 17,564 shares of the company's stock worth $144,000 after acquiring an additional 3,022 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

Key Headlines Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Q2 results exceeded expectations. PubMatic reported adjusted earnings of $0.12 per share, compared with the consensus estimate of $0.03, and revenue of $78.59 million versus expectations of $68.95 million. Earnings also improved from $0.05 per share a year earlier. PubMatic Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management highlighted improving growth and profitability. The company described the quarter as an inflection point, citing earlier-than-expected double-digit revenue growth, expanded profitability and stronger competitive positioning in AgenticOS, connected TV and mobile applications. PubMatic Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance was above Wall Street expectations. PubMatic forecast revenue of $75 million to $77 million, ahead of the $71.1 million consensus estimate, reinforcing optimism about continued demand. PubMatic Q3 Guidance and Financial Results
• Positive Sentiment: Rosenblatt Securities raised its price target from $21 to $23 and assigned a “buy” rating, signaling additional potential upside based on the improved outlook. Benzinga analyst rating report
• Positive Sentiment: PubMatic launched a governance framework for autonomous advertising on AgenticOS, which could support advertiser trust and adoption of its AI-powered advertising platform. PubMatic Agentic Advertising Governance Framework
• Neutral Sentiment: Chief Financial Officer Steve Pantelick announced a planned retirement. The transition introduces an executive-change consideration, although it was described as planned rather than unexpected. PubMatic CFO Retirement Announcement

About PubMatic

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source