Simcoe Capital LLC Acquires Shares of 408,690 PubMatic, Inc. $PUBM

Simcoe Capital LLC acquired a new stake in PubMatic, Inc. (NASDAQ:PUBM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 408,690 shares of the company’s stock, valued at approximately $3,625,000. PubMatic accounts for about 3.4% of Simcoe Capital LLC’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares during the period. BNP Paribas Financial Markets boosted its holdings in PubMatic by 120.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the period. M&T Bank Corp bought a new stake in PubMatic in the 4th quarter valued at about $91,000. Versor Investments LP bought a new stake in PubMatic in the 4th quarter valued at about $115,000. Finally, Aquatic Capital Management LLC bought a new stake in PubMatic in the 3rd quarter valued at about $131,000. Institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PUBM. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada boosted their target price on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. Finally, B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

PubMatic Trading Down 1.0%

Shares of NASDAQ:PUBM opened at $9.78 on Wednesday. The firm has a 50 day moving average of $8.88 and a 200-day moving average of $8.42. The stock has a market capitalization of $463.57 million, a PE ratio of -25.74 and a beta of 1.54. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $13.88.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The business had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. On average, research analysts predict that PubMatic, Inc. will post -0.38 EPS for the current fiscal year.

Insider Transactions at PubMatic

In other news, CEO Rajeev K. Goel sold 49,916 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $407,813.72. Following the sale, the chief executive officer directly owned 47,740 shares of the company’s stock, valued at approximately $390,035.80. This represents a 51.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven Pantelick sold 16,747 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $136,822.99. Following the completion of the sale, the chief financial officer directly owned 57,601 shares in the company, valued at approximately $470,600.17. This represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 280,290 shares of company stock worth $2,324,965. 27.78% of the stock is currently owned by insiders.

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.