PubMatic (NASDAQ:PUBM) Shares Down 6.3% – What’s Next?

Posted by Geri Gentry on Jul 19th, 2026

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) shares dropped 6.3% on Friday . The company traded as low as $12.75 and last traded at $12.77. Approximately 138,283 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 681,073 shares. The stock had previously closed at $13.63.

Analyst Upgrades and Downgrades

PUBM has been the subject of a number of research analyst reports. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price target on shares of PubMatic in a research report on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, B. Riley Financial restated a “buy” rating on shares of PubMatic in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.88.

View Our Latest Stock Report on PubMatic

PubMatic Price Performance

The firm’s 50-day moving average price is $11.74 and its 200-day moving average price is $9.42. The company has a market cap of $591.22 million, a price-to-earnings ratio of -33.50 and a beta of 1.51.

PubMatic (NASDAQ:PUBM – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The business had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. On average, sell-side analysts anticipate that PubMatic, Inc. will post -0.26 earnings per share for the current year.

Insider Buying and Selling at PubMatic

In other news, CFO Steven Pantelick sold 23,548 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total value of $321,430.20. Following the completion of the sale, the chief financial officer owned 64,820 shares of the company’s stock, valued at $884,793. This represents a 26.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mukul Kumar sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $11.96, for a total value of $95,680.00. Following the completion of the sale, the insider owned 100,869 shares of the company’s stock, valued at approximately $1,206,393.24. This trade represents a 7.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 318,305 shares of company stock valued at $3,807,773 over the last three months. 27.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On PubMatic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Simcoe Capital LLC acquired a new position in PubMatic in the 4th quarter worth $3,625,000. CenterBook Partners LP grew its stake in shares of PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock valued at $10,174,000 after acquiring an additional 398,595 shares in the last quarter. Diversified Investment Strategies LLC grew its stake in shares of PubMatic by 40.0% during the first quarter. Diversified Investment Strategies LLC now owns 140,000 shares of the company’s stock valued at $1,145,000 after acquiring an additional 40,000 shares in the last quarter. Cardinal Point Capital Management ULC increased its position in shares of PubMatic by 58.9% during the first quarter. Cardinal Point Capital Management ULC now owns 71,500 shares of the company’s stock worth $585,000 after acquiring an additional 26,500 shares during the last quarter. Finally, Diversified Trust Co increased its position in shares of PubMatic by 20.8% during the first quarter. Diversified Trust Co now owns 17,564 shares of the company’s stock worth $144,000 after acquiring an additional 3,022 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

PubMatic Company Profile

(Get Free Report)

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.