PubMatic (NASDAQ:PUBM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PubMatic (NASDAQ:PUBM) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other analysts have also recently issued reports on the company. B. Riley Financial raised PubMatic from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $10.50 in a research note on Friday. Rosenblatt Securities increased their price objective on PubMatic from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Evercore raised their price target on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Wolfe Research reissued an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

PubMatic Stock Up 1.0%

Shares of NASDAQ PUBM opened at $8.18 on Friday. The firm’s fifty day moving average is $7.61 and its 200 day moving average is $8.25. PubMatic has a 52 week low of $6.15 and a 52 week high of $13.88. The company has a market cap of $379.67 million, a price-to-earnings ratio of -26.39 and a beta of 1.58.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. Equities research analysts anticipate that PubMatic will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Rajeev K. Goel sold 44,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.55, for a total value of $332,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 431,650 shares of company stock worth $3,434,455 over the last ninety days. Company insiders own 26.42% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Several hedge funds have recently bought and sold shares of PUBM. Quarry LP purchased a new stake in PubMatic in the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,915 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after acquiring an additional 3,541 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after acquiring an additional 4,856 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of PubMatic by 506.1% during the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after acquiring an additional 4,980 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

PubMatic Company Profile

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.