Research Analysts’ Recent Ratings Changes for PubMatic (PUBM)

Several analysts have recently updated their ratings and price targets for PubMatic (NASDAQ: PUBM):

• 5/8/2026 – PubMatic had its price target raised by Royal Bank Of Canada from $11.00 to $13.00. They now have an “outperform” rating on the stock.
• 5/8/2026 – PubMatic had its “buy” rating reaffirmed by B. Riley Financial, Inc..
• 4/25/2026 – PubMatic was upgraded by Wall Street Zen from “sell” to “hold”.
• 4/23/2026 – PubMatic had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $21.00 price target on the stock.
• 4/21/2026 – PubMatic had its “sell (d)” rating reaffirmed by Weiss Ratings.
• 4/4/2026 – PubMatic was downgraded by Wall Street Zen from “hold” to “sell”.
• 3/20/2026 – PubMatic had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $21.00 price target on the stock.

Insider Activity

In related news, General Counsel Andrew Woods sold 5,710 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 $46,650.70. Following the completion of the sale, the general counsel directly owned 69,882 shares of the company’s stock, valued at approximately $570,935.94. This represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $63,971.10. Following the sale, the insider directly owned 99,485 shares of the company’s stock, valued at approximately $812,792.45. This trade represents a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 280,290 shares of company stock worth $2,324,965 in the last quarter. Insiders own 27.78% of the company’s stock.

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.