PubMatic, Inc. (NASDAQ:PUBM) Receives $12.63 Average Target Price from Analysts

Shares of PubMatic, Inc. (NASDAQ:PUBM) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.6250.

PUBM has been the topic of several research analyst reports. 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 upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and boosted their target price for the company from $10.00 to $10.50 in a research note on Friday, February 27th. Wolfe Research reissued an “outperform” rating and set a $14.00 target price on shares of PubMatic in a report on Monday, January 5th. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price target on shares of PubMatic in a research report on Friday. Finally, Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th.

Insider Transactions at PubMatic

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.92, for a total value of $392,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 431,650 shares of company stock valued at $3,421,255 over the last quarter. Company insiders own 26.42% of the company’s stock.

Institutional Trading of PubMatic

Several hedge funds have recently made changes to their positions in the stock. Roubaix Capital LLC bought a new position in PubMatic during the 3rd quarter worth $2,247,000. CenterBook Partners LP bought a new stake in PubMatic in the second quarter valued at $2,747,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of PubMatic by 94.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 76,276 shares of the company’s stock valued at $949,000 after acquiring an additional 37,067 shares during the period. Acuitas Investments LLC boosted its holdings in shares of PubMatic by 142.8% during the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after acquiring an additional 209,159 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of PubMatic during the third quarter worth about $158,000. Institutional investors own 64.26% of the company’s stock.

PubMatic Stock Down 1.0%

Shares of PubMatic stock opened at $7.99 on Thursday. The firm has a market cap of $370.90 million, a P/E ratio of -25.77 and a beta of 1.46. PubMatic has a fifty-two week low of $6.15 and a fifty-two week high of $13.88. The business has a 50-day moving average price of $7.49 and a 200 day moving average price of $8.24.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, February 26th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The company had revenue of $80.05 million for the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. As a group, equities research analysts anticipate that PubMatic will post 0.22 earnings per share for the current year.

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.