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

PubMatic, Inc. (NASDAQ:PUBM) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.6250.

PUBM has been the topic of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Rosenblatt Securities upped their target price on shares of PubMatic from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Lake Street Capital raised shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, B. Riley Financial upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $10.50 in a research report on Friday, February 27th.

Insiders Place Their Bets

In other news, CEO Rajeev K. Goel sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.92, for a total transaction of $392,480.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 431,650 shares of company stock valued at $3,421,255. Company insiders own 26.42% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Several hedge funds and other institutional investors have recently made changes to their positions in PUBM. Quarry LP acquired a new position in PubMatic during the fourth quarter worth $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of PubMatic by 264.8% during the 2nd 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 period. BNP Paribas Financial Markets raised its holdings in shares of PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after acquiring an additional 4,856 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of PubMatic during the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Trading Down 0.7%

NASDAQ:PUBM opened at $8.11 on Thursday. The stock has a 50 day moving average of $7.50 and a two-hundred day moving average of $8.25. PubMatic has a 12 month low of $6.15 and a 12 month high of $13.88. The firm has a market cap of $376.47 million, a P/E ratio of -26.16 and a beta of 1.46.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. The business 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%. On average, research analysts forecast that PubMatic will post 0.22 earnings per share for the current year.

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.