Public Employees Retirement System of Ohio Invests $872,000 in PubMatic, Inc. $PUBM

Public Employees Retirement System of Ohio bought a new position in PubMatic, Inc. (NASDAQ:PUBM) during the second quarter, Holdings Channel reports. The fund bought 66,426 shares of the company’s stock, valued at approximately $872,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of PubMatic during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd boosted its stake in PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares during the period. State of Wyoming purchased a new position in PubMatic during the 1st quarter worth approximately $61,000. Tower Research Capital LLC TRC raised its stake in PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings 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 valued at $73,000 after purchasing an additional 4,856 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

PubMatic Price Performance

PubMatic stock opened at $16.18 on Thursday. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $18.44. The firm has a fifty day moving average price of $14.95 and a two-hundred day moving average price of $11.54. The firm has a market cap of $737.00 million, a price-to-earnings ratio of -53.93 and a beta of 1.58.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.15. The company had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. As a group, sell-side analysts expect that PubMatic, Inc. will post -0.09 earnings per share for the current year.

Insider Transactions at PubMatic

In other news, insider Mukul Kumar sold 8,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $17.05, for a total value of $136,400.00. Following the completion of the sale, the insider directly owned 112,945 shares of the company’s stock, valued at approximately $1,925,712.25. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Steven Pantelick sold 19,716 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $17.31, for a total transaction of $341,283.96. Following the completion of the sale, the chief financial officer owned 10,353 shares in the company, valued at approximately $179,210.43. The trade was a 65.57% decrease in their position. 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. Over the last three months, insiders have sold 581,703 shares of company stock worth $9,151,166. Insiders own 27.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PUBM. Scotiabank raised shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $8.00 to $21.00 in a research report on Friday, August 7th. Citigroup reiterated an “outperform” rating on shares of PubMatic in a report on Friday, August 7th. Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of PubMatic in a research note on Monday, August 10th. Rosenblatt Securities boosted their price target on PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $20.00 price objective on shares of PubMatic in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

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.