Brokerages Set PubMatic, Inc. (NASDAQ:PUBM) Price Target at $12.44

PubMatic, Inc. (NASDAQ:PUBM) has received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.4375.

Several equities analysts have issued reports on PUBM shares. B. Riley increased their price objective on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Evercore ISI upped their price target on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Wolfe Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th.

Insider Transactions at PubMatic

In other news, Chairman Amar K. Goel sold 7,158 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $8.73, for a total value of $62,489.34. Following the completion of the sale, the chairman directly owned 12,496 shares in the company, valued at $109,090.08. This represents a 36.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mukul Kumar sold 5,573 shares of the business’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $8.61, for a total transaction of $47,983.53. Following the transaction, the insider owned 87,341 shares in the company, valued at $752,006.01. The trade was a 6.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 301,335 shares of company stock worth $2,544,344. Company insiders own 26.42% of the company’s stock.

Institutional Trading of PubMatic

A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in shares of PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares during the last quarter. CWM LLC increased its holdings in shares of PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after purchasing an additional 4,980 shares during the last quarter. BNP Paribas Financial Markets lifted its position in PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after buying an additional 4,856 shares in the last quarter. M&T Bank Corp purchased a new position in PubMatic during the fourth quarter worth approximately $91,000. Finally, Headlands Technologies LLC boosted its stake in PubMatic by 59.2% during the second quarter. Headlands Technologies LLC now owns 12,043 shares of the company’s stock worth $150,000 after buying an additional 4,478 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Trading Down 2.6%

Shares of PUBM stock opened at $7.26 on Wednesday. PubMatic has a 12-month low of $7.01 and a 12-month high of $17.32. The business’s 50 day moving average is $8.57 and its two-hundred day moving average is $9.00. The company has a market capitalization of $337.01 million, a P/E ratio of -38.21 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%.The business had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. On average, research analysts predict that PubMatic will post 0.22 earnings per share for the current fiscal year.

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.