PubMatic (NASDAQ:PUBM) Hits New 12-Month High – Should You Buy?

PubMatic, Inc. (NASDAQ:PUBM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $13.88 and last traded at $13.8530, with a volume of 99382 shares trading hands. The stock had previously closed at $13.12.

Analyst Upgrades and Downgrades

A number of analysts have commented on PUBM shares. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. B. Riley Financial restated a “buy” rating on shares of PubMatic in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price objective on shares of PubMatic in a research note on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PubMatic has an average rating of “Moderate Buy” and an average target price of $12.88.

PubMatic Price Performance

The company has a fifty day moving average of $10.79 and a 200-day moving average of $9.01. The firm has a market capitalization of $641.94 million, a PE ratio of -36.25 and a beta of 1.57.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The company had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. Equities analysts anticipate that PubMatic, Inc. will post -0.26 EPS for the current year.

Insider Activity

In other PubMatic news, insider Mukul Kumar sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $11.96, for a total transaction of $95,680.00. Following the completion of the sale, the insider owned 100,869 shares of the company’s stock, valued at $1,206,393.24. This represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Steven Pantelick sold 16,747 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $136,822.99. Following the transaction, the chief financial officer owned 57,601 shares in the company, valued at approximately $470,600.17. This trade represents a 22.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 332,953 shares of company stock valued at $3,224,258. Insiders own 27.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PUBM. Quarry LP acquired a new position in PubMatic during the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of PubMatic by 75.6% in the fourth 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 period. Tower Research Capital LLC TRC lifted its position in shares of PubMatic by 264.8% during 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. State of Wyoming bought a new stake in PubMatic during the 1st quarter valued at approximately $61,000. Finally, BNP Paribas Financial Markets boosted its stake in PubMatic by 120.8% during 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. 64.26% of the stock is currently owned by institutional investors and hedge funds.

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.