PubMatic (NASDAQ:PUBM) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of PubMatic (NASDAQ:PUBM) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Other equities research analysts have also issued research reports about the company. Evercore ISI upped their target price on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. B. Riley raised their target price on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Rosenblatt Securities upped their price target on shares of PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of PubMatic in a research report on Monday, January 5th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.44.

PubMatic Price Performance

Shares of PUBM opened at $8.37 on Friday. The firm has a market capitalization of $388.54 million, a PE ratio of -44.05 and a beta of 1.49. PubMatic has a 1-year low of $7.01 and a 1-year high of $17.32. The company’s fifty day moving average price is $8.87 and its 200-day moving average price is $9.48.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $67.96 million during the quarter, compared to analyst estimates of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. As a group, research analysts anticipate that PubMatic will post 0.22 EPS for the current fiscal year.

Insider Activity

In related news, CEO Rajeev K. Goel sold 44,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $8.92, for a total value of $392,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Amar K. Goel sold 7,158 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $8.73, for a total value of $62,489.34. Following the transaction, the chairman owned 12,496 shares in the company, valued at $109,090.08. This represents a 36.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 301,335 shares of company stock worth $2,595,824. 26.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in PubMatic by 10.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company’s stock valued at $12,159,000 after acquiring an additional 135,070 shares during the period. Geode Capital Management LLC lifted its holdings in PubMatic by 5.3% during the second quarter. Geode Capital Management LLC now owns 985,948 shares of the company’s stock valued at $12,267,000 after purchasing an additional 49,209 shares in the last quarter. 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 period. Acadian Asset Management LLC grew its position in shares of PubMatic by 37.4% in the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock valued at $7,810,000 after purchasing an additional 171,106 shares during the period. Finally, UBS Group AG increased its stake in shares of PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after purchasing an additional 303,479 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

About PubMatic

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.