PubMatic (NASDAQ:PUBM) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of PubMatic (NASDAQ:PUBM) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on PUBM. Evercore ISI decreased their target price on PubMatic from $16.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Royal Bank Of Canada reduced their price objective on PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. JMP Securities lowered their target price on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. B. Riley lowered shares of PubMatic from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. Finally, Scotiabank reduced their target price on shares of PubMatic from $15.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.44.

PubMatic Price Performance

NASDAQ:PUBM opened at $9.07 on Wednesday. The company has a 50 day moving average price of $11.39 and a 200-day moving average price of $11.22. PubMatic has a 1-year low of $7.01 and a 1-year high of $17.74. The firm has a market cap of $440.17 million, a price-to-earnings ratio of -129.55 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The business had revenue of $71.10 million during the quarter, compared to analyst estimates of $67.77 million. During the same period in the previous year, the company posted $0.04 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. PubMatic has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that PubMatic will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Andrew Woods sold 4,084 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.56, for a total value of $51,295.04. Following the completion of the sale, the general counsel owned 44,130 shares of the company’s stock, valued at approximately $554,272.80. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rajeev K. Goel sold 44,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $11.28, for a total transaction of $496,320.00. The disclosure for this sale can be found here. Insiders sold 329,286 shares of company stock worth $3,816,613 over the last quarter. Corporate insiders own 26.42% of the company’s stock.

Hedge Funds Weigh In On PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after buying an additional 2,785 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in PubMatic in the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PubMatic in the fourth quarter worth approximately $57,000. Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 3,541 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in PubMatic during the first quarter worth $69,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.