PubMatic (NASDAQ:PUBM) Downgraded to “Sell” Rating by Wall Street Zen

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

A number of other research firms have also commented on PUBM. Rosenblatt Securities upped their price objective on shares of PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and set a $14.00 price target on shares of PubMatic in a report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Wednesday, October 8th. B. Riley raised their price objective on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Evercore ISI lifted their price objective on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.44.

PubMatic Stock Performance

Shares of NASDAQ:PUBM opened at $8.37 on Friday. The company has a market capitalization of $388.54 million, a PE ratio of -44.05 and a beta of 1.49. The stock has a fifty day moving average of $8.87 and a 200-day moving average of $9.50. PubMatic has a one year low of $7.01 and a one year high of $17.32.

PubMatic (NASDAQ:PUBM) last issued its 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 for the quarter, compared to analysts’ expectations of $63.95 million. As a group, research analysts forecast that PubMatic will post 0.22 EPS for the current fiscal year.

Insider Activity at PubMatic

In other PubMatic news, Chairman Amar K. Goel sold 7,158 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $8.73, for a total value of $62,489.34. Following the transaction, the chairman owned 12,496 shares in the company, valued at approximately $109,090.08. This represents a 36.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $8.92, for a total transaction of $392,480.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 301,335 shares of company stock valued at $2,595,824. Company insiders own 26.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PUBM. Rhumbline Advisers raised its stake in shares of PubMatic by 2.3% during the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock worth $548,000 after purchasing an additional 1,341 shares in the last quarter. Diversified Trust Co increased its holdings in PubMatic by 13.1% in the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after buying an additional 1,699 shares during the last quarter. Barclays PLC raised its position in PubMatic by 1.9% during the third quarter. Barclays PLC now owns 124,466 shares of the company’s stock valued at $1,031,000 after acquiring an additional 2,353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PubMatic by 1.9% during 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 acquiring an additional 2,654 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in PubMatic by 1.0% in the second quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock valued at $4,436,000 after acquiring an additional 3,263 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

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.