PubMatic, Inc. (NASDAQ:PUBM) Receives $12.44 Consensus Price Target from Analysts

PubMatic, Inc. (NASDAQ:PUBM) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.4375.

A number of equities research analysts recently issued reports on the stock. Lake Street Capital cut shares of PubMatic from a “buy” rating to a “hold” rating and dropped their target price for the stock from $19.00 to $9.50 in a research report on Tuesday, August 12th. Scotiabank dropped their target price on shares of PubMatic from $15.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. JMP Securities dropped their target price on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Finally, Evercore ISI dropped their target price on shares of PubMatic from $16.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th.

Insider Activity at PubMatic

In related news, General Counsel Andrew Woods sold 4,131 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $8.23, for a total transaction of $33,998.13. Following the completion of the transaction, the general counsel owned 51,495 shares in the company, valued at approximately $423,803.85. The trade was a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajeev K. Goel sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $8.45, for a total transaction of $371,800.00. The disclosure for this sale can be found here. Insiders have sold 311,131 shares of company stock worth $2,727,148 over the last 90 days. Insiders own 26.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Diversified Trust Co lifted its stake in 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. Voya Investment Management LLC lifted its stake in PubMatic by 391.0% in the third quarter. Voya Investment Management LLC now owns 59,066 shares of the company’s stock valued at $489,000 after buying an additional 47,037 shares in the last quarter. Headlands Technologies LLC lifted its stake in PubMatic by 59.2% in the second quarter. Headlands Technologies LLC now owns 12,043 shares of the company’s stock valued at $150,000 after buying an additional 4,478 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in PubMatic by 264.8% in the second 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 in the last quarter. Finally, Bank of America Corp DE lifted its stake in PubMatic by 170.2% in the second quarter. Bank of America Corp DE now owns 104,050 shares of the company’s stock valued at $1,294,000 after buying an additional 65,537 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

PubMatic Stock Performance

NASDAQ:PUBM opened at $8.42 on Monday. The company has a 50-day moving average of $8.40 and a 200-day moving average of $10.16. The company has a market capitalization of $384.99 million, a price-to-earnings ratio of -120.27 and a beta of 1.50. PubMatic has a 52 week low of $7.01 and a 52 week high of $17.74.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The business had revenue of $71.10 million for the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.PubMatic’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that PubMatic will post 0.22 EPS for the current year.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.