PubMatic (NASDAQ:PUBM) Lowered to Sell Rating by Wall Street Zen

PubMatic (NASDAQ:PUBM) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price target on shares of PubMatic in a report on Friday, March 20th. B. Riley Financial upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $10.50 in a research report on Friday, February 27th. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PubMatic currently has an average rating of “Moderate Buy” and a consensus price target of $12.63.

PubMatic Stock Performance

Shares of NASDAQ:PUBM opened at $8.27 on Friday. PubMatic has a twelve month low of $6.15 and a twelve month high of $13.88. The firm has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48. The business has a fifty day moving average of $7.55 and a 200-day moving average of $8.23.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The business had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. On average, analysts anticipate that PubMatic will post 0.22 EPS for the current fiscal year.

Insider Transactions at PubMatic

In other news, CEO Rajeev K. Goel sold 49,916 shares of PubMatic stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $407,813.72. Following the completion of the sale, the chief executive officer owned 47,740 shares in the company, valued at $390,035.80. The trade was a 51.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Pantelick sold 18,398 shares of the business’s stock in a transaction that occurred 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 420,748 shares of company stock worth $3,275,587. Corporate insiders own 26.42% of the company’s stock.

Institutional Trading of PubMatic

A number of institutional investors have recently bought and sold shares of PUBM. Quarry LP bought a new stake in shares of PubMatic during the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after purchasing an additional 4,856 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of PubMatic during the fourth quarter worth $91,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic News Summary

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat
• Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary
• Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing
• Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing
• Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing
• Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing

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.