PubMatic (NASDAQ:PUBM) Stock Rating Lowered by Wall Street Zen

PubMatic (NASDAQ:PUBM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

PUBM has been the subject of several other reports. Rosenblatt Securities raised their price objective on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Wolfe Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a research note on Monday, January 5th. Evercore ISI boosted their price objective on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Finally, B. Riley raised their target price on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.44.

PubMatic Trading Down 2.2%

NASDAQ PUBM opened at $8.37 on Friday. PubMatic has a 12 month low of $7.01 and a 12 month high of $17.32. The stock has a market cap of $388.54 million, a price-to-earnings ratio of -44.05 and a beta of 1.49. The company’s 50 day moving average is $8.87 and its two-hundred day moving average is $9.47.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $63.95 million. Sell-side analysts forecast that PubMatic will post 0.22 EPS for the current year.

Insider Transactions at PubMatic

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $8.80, for a total transaction of $387,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew Woods sold 4,881 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $8.61, for a total transaction of $42,025.41. Following the completion of the sale, the general counsel owned 59,769 shares of the company’s stock, valued at approximately $514,611.09. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 301,335 shares of company stock valued at $2,595,824 in the last ninety days. Corporate insiders own 26.42% of the company’s stock.

Institutional Trading of PubMatic

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after buying an additional 3,541 shares during the period. BNP Paribas Financial Markets lifted its position in PubMatic by 120.8% during the 3rd 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 period. CWM LLC grew its stake in PubMatic by 506.1% during the 2nd 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. Diversified Trust Co increased its holdings in shares of PubMatic by 13.1% in the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after purchasing an additional 1,699 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of PubMatic in the third quarter worth about $131,000. 64.26% of the stock is currently owned by institutional investors.

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.