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

Shares of PubMatic, Inc. (NASDAQ:PUBM) have been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.6250.

PUBM has been the subject of several recent research reports. B. Riley Financial upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $10.50 in a report on Friday, February 27th. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $21.00 target price on shares of PubMatic in a report on Friday, March 20th. Finally, Wolfe Research reissued an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th.

Insider Buying and Selling at PubMatic

In other news, CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $8.72, for a total transaction of $383,680.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Amar K. Goel sold 7,158 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $8.73, for a total transaction of $62,489.34. Following the sale, the chairman directly owned 12,496 shares of the company’s stock, valued at $109,090.08. This trade 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 sold 387,650 shares of company stock worth $3,028,775. 26.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PubMatic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Diversified Trust Co increased its holdings in shares of 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 in the last quarter. Barclays PLC lifted its holdings in shares of 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 buying an additional 1,915 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PubMatic by 1.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after buying an additional 2,654 shares during the last quarter. Finally, Quarry LP bought a new stake in PubMatic in the 4th quarter worth about $30,000. 64.26% of the stock is owned by institutional investors.

PubMatic Price Performance

Shares of PubMatic stock opened at $8.11 on Thursday. The company has a 50-day moving average of $7.47 and a 200 day moving average of $8.24. The firm has a market cap of $384.41 million, a price-to-earnings ratio of -26.16 and a beta of 1.46. PubMatic has a 1 year low of $6.15 and a 1 year high of $13.88.

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