PubMatic (NASDAQ:PUBM) Receives Sell (D) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (d)" rating for PubMatic (NASDAQ:PUBM) following recent market analysis.
• Multiple analysts have downgraded their price targets for PubMatic, with Evercore ISI lowering it from $16.00 to $12.00, while Scotiabank reduced it to $10.00.
• In its latest quarterly earnings, PubMatic reported a loss of ($0.11) EPS, significantly missing the expected consensus of $0.02 EPS.

PubMatic (NASDAQ:PUBM - Get Free Report)'s stock had its "sell (d)" rating reiterated by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

PUBM has been the topic of a number of other reports. Evercore ISI cut 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. Scotiabank lowered their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 12th. JMP Securities decreased their price target 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. Rosenblatt Securities reissued a "buy" rating and issued a $17.00 target price on shares of PubMatic in a research note on Tuesday, September 9th. 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. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.44.

PubMatic Trading Up 7.5%

Shares of PUBM stock opened at $8.89 on Wednesday. The firm has a market capitalization of $406.45 million, a P/E ratio of -126.98 and a beta of 1.50. The firm's fifty day simple moving average is $8.90 and its 200 day simple moving average is $10.24. 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 results 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). 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 the consensus estimate of $67.77 million. During the same period last year, the firm earned $0.04 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. PubMatic has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that PubMatic will post 0.22 EPS for the current fiscal year.

Insider Transactions at PubMatic

In other PubMatic news, Chairman Amar K. Goel sold 8,020 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $8.45, for a total value of $67,769.00. Following the completion of the transaction, the chairman owned 12,496 shares in the company, valued at $105,591.20. This represents a 39.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $11.28, for a total value of $496,320.00. The disclosure for this sale can be found here. Insiders sold 355,131 shares of company stock valued at $3,290,348 over the last ninety days. Company insiders own 26.42% of the company's stock.

Institutional Trading of PubMatic

A number of institutional investors have recently added to or reduced their stakes in PUBM. GAMMA Investing LLC raised its holdings 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 valued at $26,000 after acquiring an additional 2,785 shares in the last quarter. Rhumbline Advisers raised its stake in PubMatic by 2.3% during the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock valued at $548,000 after buying an additional 1,341 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of PubMatic in the 1st quarter worth $379,000. Diversified Trust Co bought a new stake in shares of PubMatic in the 1st quarter worth $118,000. Finally, Victory Capital Management Inc. grew its holdings in shares of PubMatic by 29.4% in 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 during the period. 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.

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