PubMatic (NASDAQ:PUBM) Upgraded at B. Riley Financial

B. Riley Financial upgraded shares of PubMatic (NASDAQ:PUBM) from a neutral rating to a buy rating in a report published on Friday, MarketBeat Ratings reports. B. Riley Financial currently has $10.50 price target on the stock, up from their previous price target of $10.00.

A number of other brokerages have also weighed in on PUBM. Rosenblatt Securities raised their price objective on shares of PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research note on Monday, January 5th. Wall Street Zen downgraded PubMatic from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Finally, Evercore raised their target price on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.63.

PubMatic Trading Up 14.6%

PubMatic stock opened at $8.10 on Friday. The firm has a market capitalization of $376.00 million, a P/E ratio of -26.13 and a beta of 1.46. The stock’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $8.25. PubMatic has a twelve month low of $6.15 and a twelve month high of $13.88.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.13. The company had revenue of $80.05 million for the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. Sell-side analysts predict that PubMatic will post 0.22 earnings per share for the current year.

Insider Transactions at PubMatic

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $7.55, for a total transaction of $332,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 431,650 shares of company stock worth $3,434,455. Company insiders own 26.42% of the company’s stock.

Hedge Funds Weigh In On PubMatic

Institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its position in PubMatic by 20.0% during the 4th quarter. Invesco Ltd. now owns 105,509 shares of the company’s stock worth $936,000 after purchasing an additional 17,581 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of PubMatic during the fourth quarter worth about $199,000. Tudor Investment Corp ET AL acquired a new stake in shares of PubMatic during the fourth quarter worth about $893,000. Millennium Management LLC grew its holdings in shares of PubMatic by 320.0% during the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock worth $8,144,000 after buying an additional 699,549 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in PubMatic in the 4th quarter valued at about $254,000. 64.26% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Q4 earnings and revenue beat—PubMatic reported $0.29 EPS vs. $0.16 expected and revenue of $80.05M vs. $76.12M, a clear upside that likely moved the stock. Press Release / Slide Deck
• Positive Sentiment: Analyst upgrades and higher price targets — Rosenblatt raised its price target to $21 and kept a Buy rating (large upside vs. current levels), and B. Riley upgraded the stock to Buy with a $10.50 target; these endorsements add buying momentum. Benzinga
• Positive Sentiment: Management guided Q1 revenue to $58.0M–$60.0M (slightly above consensus) and signaled a push for double‑digit revenue growth in H2 2026—this forward commentary supports upward revision expectations. PubMatic targets double-digit revenue growth in H2 2026 while accelerating agentic AI adoption
• Positive Sentiment: Strategic focus on agentic AI—coverage highlights management accelerating agentic AI investments, which investors view as a growth and differentiation catalyst for programmatic ad technology. PubMatic Is All In On Agentic AI
• Neutral Sentiment: Full earnings materials and call transcript are available for deeper due diligence (slides, press release, and transcript provide color on margins, product traction, and channel dynamics). Earnings Transcript & Materials
• Negative Sentiment: Profitability remains a concern—PubMatic still reported a negative net margin (~‑2.5%) and negative ROE, and Q4 EPS ($0.29) was below last year’s $0.41, which could temper sentiment despite the beat. Zacks: Surpasses Q4 Estimates

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.