PubMatic (NASDAQ:PUBM) Hits New 12-Month High – What’s Next?

Posted by Stanley Muller on Jul 3rd, 2026

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $13.88 and last traded at $13.8530, with a volume of 99382 shares trading hands. The stock had previously closed at $13.12.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on PubMatic

PubMatic Price Performance

The company’s 50-day simple moving average is $10.95 and its two-hundred day simple moving average is $9.08. The firm has a market capitalization of $629.30 million, a P/E ratio of -35.66 and a beta of 1.51.

PubMatic (NASDAQ:PUBM – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) earnings per share (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 firm had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. Analysts predict that PubMatic, Inc. will post -0.26 earnings per share for the current year.

Insider Buying and Selling

In other PubMatic news, CAO Lisa Gimbel sold 2,863 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $9.89, for a total value of $28,315.07. Following the completion of the sale, the chief accounting officer owned 13,677 shares in the company, valued at $135,265.53. This represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rajeev K. Goel sold 43,077 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $11.30, for a total value of $486,770.10. Following the completion of the transaction, the chief executive officer directly owned 43,077 shares in the company, valued at $486,770.10. This trade represents a 50.00% decrease in their position. 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. Over the last ninety days, insiders sold 246,222 shares of company stock worth $2,515,665. Company insiders own 27.78% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC boosted its position in shares of PubMatic by 142.8% in the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after purchasing an additional 209,159 shares during the period. Simcoe Capital LLC purchased a new stake in shares of PubMatic in the fourth quarter worth $3,625,000. 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 valued at $10,174,000 after purchasing an additional 398,595 shares during the period. Leibman Financial Services Inc. raised its position in shares of PubMatic by 10.3% during the 4th quarter. Leibman Financial Services Inc. now owns 115,610 shares of the company’s stock valued at $1,025,000 after purchasing an additional 10,786 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

About PubMatic

(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.