PubMatic (NASDAQ:PUBM) Price Target Raised to $20.00 at Citizens Jmp

PubMatic (NASDAQ:PUBM) had its target price hoisted by Citizens Jmp from $12.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other analysts also recently issued reports on PUBM. Scotiabank raised shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $8.00 to $21.00 in a report on Friday. Citigroup reaffirmed an “outperform” rating on shares of PubMatic in a report on Friday. Raymond James Financial raised shares of PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Friday. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Rosenblatt Securities lifted their price target on PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.39.

PubMatic Trading Up 31.9%

Shares of NASDAQ:PUBM opened at $17.78 on Friday. PubMatic has a 12-month low of $6.15 and a 12-month high of $18.44. The company has a market capitalization of $825.70 million, a PE ratio of -59.26 and a beta of 1.54. The business has a 50 day moving average of $12.64 and a two-hundred day moving average of $9.92.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.30. 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 5.33% and a negative net margin of 4.66%. Equities research analysts predict that PubMatic will post -0.26 earnings per share for the current fiscal year.

Insider Activity at PubMatic

In other PubMatic news, insider Mukul Kumar sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $11.96, for a total value of $95,680.00. Following the transaction, the insider owned 100,869 shares in the company, valued at approximately $1,206,393.24. This trade represents a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the chief executive officer owned 31,692 shares in the company, valued at $562,216.08. The trade was a 86.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 535,586 shares of company stock valued at $7,743,191. 27.78% of the stock is owned by insiders.

Hedge Funds Weigh In On PubMatic

Several hedge funds and other institutional investors have recently modified their holdings of PUBM. Quarry LP purchased a new stake in PubMatic during the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd raised its holdings in PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after acquiring an additional 1,915 shares during the last quarter. State of Wyoming purchased a new position in PubMatic in the 1st quarter worth approximately $61,000. Tower Research Capital LLC TRC lifted its stake in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after purchasing an additional 4,856 shares during the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic News Summary

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic reported second-quarter revenue of $78.6 million, well above the $69.0 million consensus estimate, while adjusted earnings of $0.12 per share surpassed expectations. Revenue growth, improved profitability, and momentum across AgenticOS, connected TV, and mobile applications drove investor optimism. PubMatic Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management forecast third-quarter revenue of $75 million to $77 million, above the roughly $71.1 million analyst consensus. The company also highlighted expansion of its AI-driven “agentic advertising” platform, supporting expectations for continued growth. PubMatic Q3 Outlook
• Positive Sentiment: Analysts raised their price targets following the results. Citizens JMP increased its target to $20 with a market-outperform rating, while Rosenblatt raised its target to $23 and maintained a buy rating. Rosenblatt Raises PubMatic Price Target
• Neutral Sentiment: PubMatic will participate in upcoming financial conferences, giving management an opportunity to discuss its strategy and growth outlook with investors. PubMatic Conference Participation
• Negative Sentiment: The company plans to increase capital expenditures to approximately $20 million-$25 million as it expands its platform, which could pressure near-term free cash flow. PubMatic also announced the planned retirement of CFO Steve Pantelick, introducing a management-transition risk.

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.