PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.25.
PUBM has been the topic of several recent research reports. Jefferies Financial Group upped their price target on PubMatic from $10.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $21.00 price objective on shares of PubMatic in a research note on Monday, August 10th. Citigroup reissued an “outperform” rating on shares of PubMatic in a research report on Friday, August 7th. Citizens Jmp upped their target price on shares of PubMatic from $12.00 to $20.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Finally, Lake Street Capital restated a “buy” rating and set a $20.00 target price on shares of PubMatic in a research note on Friday, August 7th.
Get Our Latest Stock Report on PubMatic
PubMatic Stock Up 0.1%
PubMatic (NASDAQ:PUBM – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.15. The business had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. Analysts expect that PubMatic will post -0.09 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Rajeev K. Goel sold 211,302 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $17.74, for a total value of $3,748,497.48. Following the sale, the chief executive officer directly owned 31,692 shares in the company, valued at approximately $562,216.08. This trade represents a 86.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Andrew Woods sold 38,331 shares of PubMatic stock in a transaction on Monday, August 10th. The stock was sold at an average price of $17.96, for a total transaction of $688,424.76. Following the sale, the general counsel directly owned 39,761 shares of the company’s stock, valued at approximately $714,107.56. This trade represents a 49.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 671,453 shares of company stock worth $10,096,906 in the last 90 days. Corporate insiders own 27.78% of the company’s stock.
Hedge Funds Weigh In On PubMatic
Large investors have recently bought and sold shares of the business. Simcoe Capital LLC acquired a new position in shares of PubMatic during the 4th quarter worth about $3,625,000. Quantinno Capital Management LP increased its holdings in shares of PubMatic by 248.0% in the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after acquiring an additional 147,386 shares during the last quarter. CenterBook Partners LP raised its position in shares of PubMatic by 53.3% during the 4th 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. Renaissance Technologies LLC raised its position in shares of PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock worth $12,602,000 after acquiring an additional 321,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in PubMatic during the first quarter worth approximately $1,687,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.
PubMatic Company Profile
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.
Featured Stories
- Five stocks we like better than PubMatic
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for PubMatic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PubMatic and related companies with MarketBeat.com's FREE daily email newsletter.
