Analysts Set PubMatic, Inc. (NASDAQ:PUBM) Price Target at $12.63

PubMatic, Inc. (NASDAQ:PUBM) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.6250.

Several research firms have recently weighed in on PUBM. B. Riley Financial raised PubMatic from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $10.50 in a report on Friday, February 27th. Wall Street Zen cut PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Wolfe Research reissued an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research report on Monday, January 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $21.00 price target on shares of PubMatic in a research note on Friday, March 20th.

Insider Activity at PubMatic

In other PubMatic news, CFO Steven Pantelick sold 16,747 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $136,822.99. Following the completion of the sale, the chief financial officer directly owned 57,601 shares of the company’s stock, valued at approximately $470,600.17. This represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajeev K. Goel sold 49,916 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $407,813.72. Following the completion of the transaction, the chief executive officer owned 47,740 shares in the company, valued at $390,035.80. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 411,474 shares of company stock worth $3,181,832 in the last quarter. Company insiders own 26.42% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Diversified Trust Co raised its holdings in PubMatic by 13.1% in the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after purchasing an additional 1,699 shares during the period. Barclays PLC grew its holdings in PubMatic by 1.4% during the fourth quarter. Barclays PLC now owns 126,189 shares of the company’s stock valued at $1,119,000 after purchasing an additional 1,723 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,915 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PubMatic by 1.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after buying an additional 2,654 shares in the last quarter. Finally, Quarry LP purchased a new stake in PubMatic in the fourth quarter worth about $30,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

PubMatic Price Performance

Shares of PUBM stock opened at $9.81 on Monday. The company has a 50 day moving average price of $7.92 and a 200-day moving average price of $8.26. PubMatic has a 52 week low of $6.15 and a 52 week high of $13.88. The firm has a market capitalization of $464.99 million, a PE ratio of -31.64 and a beta of 1.48.

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

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.