PubMatic (NASDAQ:PUBM) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of PubMatic (NASDAQ:PUBM) from a sell rating to a hold rating in a report issued on Sunday morning.

PUBM has been the subject of a number of other reports. Rosenblatt Securities upped their target price on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Wolfe Research reaffirmed an “outperform” rating and set a $12.00 price objective on shares of PubMatic in a report on Tuesday, November 11th. Evercore ISI lifted their target price on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Finally, B. Riley increased their price target on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PubMatic currently has a consensus rating of “Hold” and a consensus price target of $12.19.

PubMatic Stock Performance

NASDAQ:PUBM opened at $8.83 on Friday. The firm’s 50-day moving average is $8.74 and its 200-day moving average is $9.74. The company has a market cap of $409.89 million, a price-to-earnings ratio of -46.47 and a beta of 1.49. PubMatic has a 52-week low of $7.01 and a 52-week high of $17.32.

PubMatic (NASDAQ:PUBM) last released its earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The business had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. Equities analysts predict that PubMatic will post 0.22 EPS for the current year.

Insider Activity

In other news, insider Mukul Kumar sold 5,428 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $8.24, for a total transaction of $44,726.72. Following the completion of the sale, the insider owned 77,393 shares of the company’s stock, valued at approximately $637,718.32. This trade represents a 6.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $9.02, for a total transaction of $396,880.00. The SEC filing for this sale provides additional information. Insiders sold a total of 256,519 shares of company stock worth $2,148,930 over the last ninety days. Corporate insiders own 26.42% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock worth $548,000 after purchasing an additional 1,341 shares in the last quarter. Diversified Trust Co increased its stake in shares of PubMatic by 13.1% in the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after buying an additional 1,699 shares in the last quarter. Barclays PLC raised its holdings in shares of PubMatic by 1.9% in the third quarter. Barclays PLC now owns 124,466 shares of the company’s stock valued at $1,031,000 after buying an additional 2,353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PubMatic by 1.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after buying an additional 2,654 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in PubMatic by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock worth $4,436,000 after acquiring an additional 3,263 shares during the last quarter. 64.26% of the stock is 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.