Wall Street Zen Upgrades PubMatic (NASDAQ:PUBM) to Hold

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

Other equities analysts also recently issued research reports about the company. Rosenblatt Securities restated a “buy” rating and issued a $17.00 target price on shares of PubMatic in a research report on Tuesday. Lake Street Capital downgraded PubMatic from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $9.50 in a research report on Tuesday, August 12th. Scotiabank reduced their price objective on PubMatic from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 12th. JMP Securities reduced their price objective on PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Finally, Evercore ISI reduced their price objective on PubMatic from $16.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.44.

PubMatic Price Performance

NASDAQ PUBM opened at $8.22 on Friday. The company has a market cap of $375.82 million, a PE ratio of -117.41 and a beta of 1.51. The stock’s 50 day simple moving average is $10.42 and its 200-day simple moving average is $10.47. PubMatic has a 1-year low of $7.01 and a 1-year high of $17.74.

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

Insiders Place Their Bets

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $8.45, for a total value of $371,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Amar K. Goel sold 8,020 shares of PubMatic stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $8.45, for a total value of $67,769.00. Following the completion of the sale, the chairman owned 12,496 shares in the company, valued at $105,591.20. This represents a 39.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,914 shares of company stock worth $3,931,133 over the last ninety days. Company insiders own 26.42% of the company’s stock.

Institutional Investors Weigh In On PubMatic

A number of institutional investors have recently modified their holdings of the company. Headlands Technologies LLC grew its stake in shares of PubMatic by 59.2% in the second quarter. Headlands Technologies LLC now owns 12,043 shares of the company’s stock valued at $150,000 after buying an additional 4,478 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after buying an additional 3,541 shares in the last quarter. Bank of America Corp DE grew its stake in shares of PubMatic by 170.2% in the second quarter. Bank of America Corp DE now owns 104,050 shares of the company’s stock valued at $1,294,000 after buying an additional 65,537 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of PubMatic in the second quarter valued at $2,084,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of PubMatic by 1.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after buying an additional 2,654 shares in the last quarter. 64.26% of the stock is 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.