PubMatic (NASDAQ:PUBM) Price Target Raised to $23.00 at Rosenblatt Securities

PubMatic (NASDAQ:PUBM) had its price target hoisted by Rosenblatt Securities from $21.00 to $23.00 in a report issued on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the company. Citigroup restated an “outperform” rating on shares of PubMatic in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Friday, July 17th. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada increased their price target on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and a consensus target price of $17.39.

PubMatic Price Performance

NASDAQ:PUBM opened at $17.78 on Friday. The firm’s 50 day simple moving average is $12.64 and its 200 day simple moving average is $9.92. PubMatic has a one year low of $6.15 and a one year high of $18.44. The company has a market cap of $825.70 million, a PE ratio of -59.26 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.30. The firm had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.33%. Equities research analysts expect that PubMatic will post -0.26 EPS for the current year.

Insider Buying and Selling

In other PubMatic news, CEO Rajeev K. Goel sold 211,302 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $17.74, for a total value of $3,748,497.48. Following the completion of the sale, the chief executive officer directly owned 31,692 shares in the company, valued at approximately $562,216.08. This trade represents a 86.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mukul Kumar sold 8,000 shares of PubMatic stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $11.96, for a total transaction of $95,680.00. Following the completion of the sale, the insider directly owned 100,869 shares of the company’s stock, valued at approximately $1,206,393.24. This trade represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 535,586 shares of company stock valued at $7,743,191 over the last ninety days. 27.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in PubMatic by 320.0% during the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock worth $8,144,000 after buying an additional 699,549 shares during the last quarter. Simcoe Capital LLC acquired a new position in shares of PubMatic during the fourth quarter valued at about $3,625,000. CenterBook Partners LP increased its position in shares of PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after acquiring an additional 398,595 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of PubMatic by 26.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock worth $12,602,000 after acquiring an additional 321,200 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of PubMatic by 254.7% in the 3rd quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after acquiring an additional 303,479 shares during the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

PubMatic News Summary

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic reported second-quarter revenue of $78.6 million, well above the $69.0 million consensus estimate, while adjusted earnings of $0.12 per share surpassed expectations. Revenue growth, improved profitability, and momentum across AgenticOS, connected TV, and mobile applications drove investor optimism. PubMatic Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management forecast third-quarter revenue of $75 million to $77 million, above the roughly $71.1 million analyst consensus. The company also highlighted expansion of its AI-driven “agentic advertising” platform, supporting expectations for continued growth. PubMatic Q3 Outlook
• Positive Sentiment: Analysts raised their price targets following the results. Citizens JMP increased its target to $20 with a market-outperform rating, while Rosenblatt raised its target to $23 and maintained a buy rating. Rosenblatt Raises PubMatic Price Target
• Neutral Sentiment: PubMatic will participate in upcoming financial conferences, giving management an opportunity to discuss its strategy and growth outlook with investors. PubMatic Conference Participation
• Negative Sentiment: The company plans to increase capital expenditures to approximately $20 million-$25 million as it expands its platform, which could pressure near-term free cash flow. PubMatic also announced the planned retirement of CFO Steve Pantelick, introducing a management-transition risk.

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.