Brokerages Set PubMatic, Inc. (NASDAQ:PUBM) Target Price at $12.88

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.8750.

Several analysts have recently commented on the company. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada raised their target price on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price target on shares of PubMatic in a research report on Thursday, April 23rd.

Insider Buying and Selling

In related news, CFO Steven Pantelick sold 16,747 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 $136,822.99. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Amar K. Goel sold 6,528 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $53,333.76. Following the completion of the sale, the chairman directly owned 24,066 shares of the company’s stock, valued at $196,619.22. The trade was a 21.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 289,876 shares of company stock worth $2,622,647 over the last 90 days. Company insiders own 27.78% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in PubMatic in the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd raised its position in 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 buying an additional 1,915 shares during the last quarter. State of Wyoming purchased a new stake in PubMatic in the 1st quarter valued at $61,000. Tower Research Capital LLC TRC raised its position 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 buying an additional 3,541 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position 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 buying an additional 4,856 shares during the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Price Performance

Shares of PUBM opened at $11.88 on Tuesday. The stock has a 50-day moving average of $9.69 and a 200-day moving average of $8.68. The company has a market cap of $551.71 million, a PE ratio of -31.26 and a beta of 1.57. PubMatic has a one year low of $6.15 and a one year high of $13.88.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.05. The company had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. Analysts expect that PubMatic will post -0.25 EPS for the current fiscal year.

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.