PubMatic (NASDAQ:PUBM) Price Target Raised to $13.00

PubMatic (NASDAQ:PUBM) had its price target hoisted by Evercore ISI from $12.00 to $13.00 in a research report released on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $12.00 target price on shares of PubMatic in a research report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Rosenblatt Securities increased their price objective on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JMP Securities decreased 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 note on Tuesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.19.

PubMatic Stock Down 4.0%

Shares of PUBM stock opened at $9.18 on Tuesday. PubMatic has a 12 month low of $7.01 and a 12 month high of $17.32. The company’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $10.13. The firm has a market cap of $419.71 million, a PE ratio of -48.32 and a beta of 1.50.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) 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 firm had revenue of $67.96 million for the quarter, compared to analyst estimates of $63.95 million. PubMatic has set its Q4 2025 guidance at EPS. On average, equities analysts predict that PubMatic will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $7.48, for a total transaction of $329,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew Woods sold 4,131 shares of the company’s stock in a transaction 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. This represents a 7.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 355,131 shares of company stock valued at $2,943,628. Insiders own 26.42% of the company’s stock.

Institutional Trading of PubMatic

Hedge funds and other institutional investors have recently modified their holdings of the stock. CenterBook Partners LP grew its position in shares of PubMatic by 239.0% in the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after purchasing an additional 527,650 shares during the last quarter. Graham Holdings Co lifted its holdings in PubMatic by 21.4% during the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock worth $25,880,000 after purchasing an additional 500,000 shares during the last quarter. Nuveen LLC bought a new stake in PubMatic in the 1st quarter valued at $3,963,000. Acadian Asset Management LLC grew its holdings in PubMatic by 483.6% in the 1st quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after buying an additional 378,714 shares in the last quarter. Finally, UBS Group AG increased its position in PubMatic by 254.7% during the 3rd quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after buying an additional 303,479 shares during the period. Institutional investors own 64.26% of the company’s stock.

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.