PubMatic (NASDAQ:PUBM) Upgraded to “Buy” at B. Riley Financial

PubMatic (NASDAQ:PUBM) was upgraded by equities researchers at B. Riley Financial from a “neutral” rating to a “buy” rating in a research note issued on Friday,Benzinga reports. The firm currently has a $10.50 target price on the stock, up from their previous target price of $10.00. B. Riley Financial’s target price points to a potential upside of 48.51% from the stock’s current price.

PUBM has been the subject of several other reports. Rosenblatt Securities increased their price target on shares of PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Evercore upped their price objective on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Wolfe Research reiterated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded shares of PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

PubMatic Trading Up 7.4%

Shares of NASDAQ PUBM opened at $7.07 on Friday. PubMatic has a 12 month low of $6.15 and a 12 month high of $14.80. The firm has a fifty day simple moving average of $7.64 and a two-hundred day simple moving average of $8.27. The firm has a market capitalization of $328.19 million, a PE ratio of -37.21 and a beta of 1.58.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. The company had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. On average, sell-side analysts predict that PubMatic will post 0.22 earnings per share for the current year.

Insider Buying and Selling at PubMatic

In other news, CEO Rajeev K. Goel sold 44,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $7.55, for a total transaction of $332,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 431,650 shares of company stock worth $3,434,455 in the last ninety days. Company insiders own 26.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PUBM. Wellington Management Group LLP grew its stake in PubMatic by 10.1% in the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company’s stock valued at $12,159,000 after purchasing an additional 135,070 shares during the last quarter. CenterBook Partners LP boosted its holdings in PubMatic by 53.3% in the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after acquiring an additional 398,595 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of PubMatic by 5.3% in the second quarter. Geode Capital Management LLC now owns 985,948 shares of the company’s stock worth $12,267,000 after buying an additional 49,209 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in PubMatic by 9.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 929,249 shares of the company’s stock valued at $8,242,000 after purchasing an additional 77,566 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of PubMatic by 320.0% in the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock worth $8,144,000 after purchasing an additional 699,549 shares during the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

PubMatic News Roundup

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Q4 revenue beat consensus and management emphasized healthy top-line trends — revenue reported around $80M versus ~ $76M consensus, which helped drive the rally. PubMatic Announces Fourth Quarter and Fiscal Year Ended 2025 Financial Results
• Positive Sentiment: Management issued Q1 revenue guidance of $58.0M–$60.0M, slightly above consensus (~$57.7M), giving investors a modest forward boost. Q4 FY2025 Press Release / Slide Deck
• Positive Sentiment: Company is promoting an “agentic AI” strategy as a growth catalyst — investors are interpreting the product roadmap as a potential long-term revenue driver. PubMatic Is All In On Agentic AI
• Neutral Sentiment: Analyst and media coverage ramped up around earnings (previews and the full call transcript are available), increasing visibility but not changing fundamentals by itself. PubMatic Inc (PUBM) Q4 2025: Everything You Need to Know Ahead of Earnings
• Neutral Sentiment: Full earnings call transcript is available for investors wanting details on revenue mix, CPM trends and product commentary. PubMatic, Inc. (PUBM) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Some outlets flagged mixed EPS results (reports vary), and the company still shows negative net margin and negative return on equity — these profitability metrics limit the enthusiasm and introduce execution risk. PubMatic, Inc. (PUBM) Surpasses Q4 Earnings and Revenue Estimates
• Negative Sentiment: One earnings summary reported an EPS miss versus consensus (creating short-term confusion); mixed headlines can produce volatility despite the revenue/guidance positives. PubMatic Q4 Earnings Summary (MarketBeat)

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.