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

PubMatic, Inc. (NASDAQ:PUBM) has earned an average rating of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.4375.

PUBM has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Evercore increased their target price on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Rosenblatt Securities lifted their target price on shares of PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen lowered shares of PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, B. Riley Financial raised their price objective on PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th.

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 value of $332,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 431,650 shares of company stock worth $3,434,455. 26.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PUBM. Millennium Management LLC raised its holdings in PubMatic by 320.0% during the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock valued at $8,144,000 after buying an additional 699,549 shares during the last quarter. CenterBook Partners LP increased its position in shares of PubMatic by 239.0% in the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after acquiring an additional 527,650 shares during the period. Simcoe Capital LLC bought a new position in shares of PubMatic during the fourth quarter valued at about $3,625,000. UBS Group AG raised its stake in shares of PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after acquiring an additional 303,479 shares during the last quarter. Finally, Roubaix Capital LLC purchased a new stake in shares of PubMatic during the third quarter worth about $2,247,000. Institutional investors own 64.26% of the company’s stock.

PubMatic Trading Up 0.2%

Shares of PubMatic stock opened at $6.57 on Friday. The firm has a market capitalization of $304.95 million, a PE ratio of -34.58 and a beta of 1.58. PubMatic has a 12 month low of $6.15 and a 12 month high of $15.02. The business’s 50-day moving average price is $7.82 and its 200-day moving average price is $8.38.

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.