PubMatic (NASDAQ:PUBM) Stock Rating Upgraded by Wall Street Zen

PubMatic (NASDAQ:PUBM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on PUBM. Rosenblatt Securities increased their target price on shares of PubMatic from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday. Evercore raised their price objective on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of PubMatic in a report on Monday, January 5th. Finally, B. Riley Financial upgraded PubMatic from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $10.50 in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and an average price target of $12.63.

PubMatic Price Performance

Shares of PUBM stock opened at $8.10 on Friday. The stock’s fifty day simple moving average is $7.62 and its 200 day simple moving average is $8.26. PubMatic has a one year low of $6.15 and a one year high of $13.88. The firm has a market cap of $375.96 million, a price-to-earnings ratio of -26.13 and a beta of 1.58.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. The firm had revenue of $80.05 million during the quarter, compared to analyst estimates of $76.12 million. PubMatic had a negative return on equity of 5.68% and a negative net margin of 5.11%. On average, research analysts anticipate 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 the stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 431,650 shares of company stock worth $3,434,455. 26.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PubMatic

Several large investors have recently made changes to their positions in PUBM. Diversified Trust Co increased its position 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 purchasing an additional 1,699 shares during the period. Barclays PLC boosted its stake in shares of PubMatic by 1.4% in the 4th quarter. Barclays PLC now owns 126,189 shares of the company’s stock valued at $1,119,000 after purchasing an additional 1,723 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted 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 valued at $39,000 after purchasing an additional 1,915 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PubMatic by 1.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after buying an additional 2,654 shares during the period. Finally, Quarry LP bought a new stake in shares of PubMatic during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Key Stories Impacting 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

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.