PubMatic, Inc. (NASDAQ:PUBM) Given Consensus Recommendation of “Hold” by Brokerages

PubMatic, Inc. (NASDAQ:PUBM) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.4375.

A number of research analysts recently commented on PUBM shares. Evercore ISI upped their target price on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a research note on Monday, January 5th. B. Riley lifted their target price on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th.

PubMatic Price Performance

NASDAQ:PUBM opened at $7.63 on Wednesday. The stock has a market cap of $354.15 million, a P/E ratio of -40.16 and a beta of 1.49. PubMatic has a one year low of $7.01 and a one year high of $17.32. The company has a fifty day moving average price of $8.65 and a 200 day moving average price of $9.06.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $67.96 million for the quarter, compared to analyst estimates of $63.95 million. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. As a group, equities research analysts anticipate that PubMatic will post 0.22 EPS for the current year.

Insider Buying and Selling

In other PubMatic news, CFO Steven Pantelick sold 18,398 shares of PubMatic stock in a transaction on Monday, January 5th. The stock was sold at an average price of $8.81, for a total transaction of $162,086.38. Following the completion of the transaction, the chief financial officer directly owned 28,685 shares of the company’s stock, valued at approximately $252,714.85. This trade represents a 39.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajeev K. Goel sold 44,000 shares of the business’s 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. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 301,335 shares of company stock valued at $2,544,344. 26.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PubMatic

Several institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in PubMatic by 13.1% during the 3rd 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 period. Barclays PLC increased its position in shares of PubMatic by 1.9% during the third quarter. Barclays PLC now owns 124,466 shares of the company’s stock worth $1,031,000 after acquiring an additional 2,353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PubMatic by 1.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after acquiring an additional 2,654 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of PubMatic by 1.0% during the second quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock worth $4,436,000 after acquiring an additional 3,263 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after acquiring an additional 3,541 shares in the last quarter. 64.26% of the stock is 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.