PubMatic, Inc. (NASDAQ:PUBM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.8750.

Several equities analysts have weighed in on PUBM shares. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada raised their price objective on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st.

Insiders Place Their Bets

In other news, CFO Steven Pantelick sold 16,282 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $8.44, for a total transaction of $137,420.08. Following the completion of the sale, the chief financial officer directly owned 41,319 shares of the company’s stock, valued at $348,732.36. This trade represents a 28.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajeev K. Goel sold 43,077 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $11.30, for a total value of $486,770.10. Following the sale, the chief executive officer directly owned 43,077 shares of the company’s stock, valued at approximately $486,770.10. This represents a 50.00% 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. In the last quarter, insiders sold 332,953 shares of company stock valued at $3,224,258. 27.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On PubMatic

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of PubMatic by 26.3% during the first quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock worth $12,602,000 after purchasing an additional 321,200 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of PubMatic by 10.1% during the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company’s stock valued at $12,159,000 after buying an additional 135,070 shares during the last quarter. CenterBook Partners LP boosted 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 valued at $10,174,000 after buying an additional 398,595 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of PubMatic by 9.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 929,249 shares of the company’s stock valued at $8,242,000 after buying an additional 77,566 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of PubMatic by 320.0% during the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock valued at $8,144,000 after buying an additional 699,549 shares during the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Trading Up 9.9%

Shares of NASDAQ:PUBM opened at $12.65 on Friday. The stock’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $8.96. PubMatic has a 1-year low of $6.15 and a 1-year high of $13.88. The stock has a market cap of $587.50 million, a PE ratio of -33.29 and a beta of 1.57.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.05. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The business had revenue of $62.57 million for the quarter, compared to analysts’ expectations of $60.42 million. On average, sell-side analysts forecast that PubMatic will post -0.26 earnings per share for the current fiscal year.

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.