PubMatic, Inc. (NASDAQ:PUBM) Receives $12.19 Consensus Price Target from Analysts

Shares of PubMatic, Inc. (NASDAQ:PUBM) have earned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.1875.

PUBM has been the topic of a number of recent research reports. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. 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. JMP Securities cut their price target on PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 12th. Evercore ISI raised their price objective on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada dropped their price objective on PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th.

PubMatic Trading Up 1.3%

Shares of NASDAQ PUBM opened at $9.31 on Friday. The firm has a market cap of $425.68 million, a P/E ratio of -49.00 and a beta of 1.50. The business’s 50 day moving average is $8.47 and its 200-day moving average is $10.13. PubMatic has a 1-year low of $7.01 and a 1-year high of $17.32.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $67.96 million for 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%. PubMatic has set its Q4 2025 guidance at EPS. Analysts forecast that PubMatic will post 0.22 EPS for the current year.

Insider Buying and Selling at PubMatic

In other news, insider Mukul Kumar sold 5,428 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $8.24, for a total transaction of $44,726.72. Following the completion of the sale, the insider owned 77,393 shares of the company’s stock, valued at approximately $637,718.32. This represents a 6.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $7.48, for a total transaction of $329,120.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 310,069 shares of company stock valued at $2,564,216 over the last three months. 26.42% of the stock is owned by insiders.

Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acuitas Investments LLC boosted its holdings in shares of PubMatic by 142.8% in the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after purchasing an additional 209,159 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in PubMatic in the third quarter valued at about $160,000. Prelude Capital Management LLC bought a new position in PubMatic in the third quarter valued at about $176,000. Public Employees Retirement System of Ohio raised its stake in PubMatic by 60.5% during the third quarter. Public Employees Retirement System of Ohio now owns 54,088 shares of the company’s stock worth $448,000 after acquiring an additional 20,388 shares in the last quarter. Finally, Numerai GP LLC bought a new position in shares of PubMatic in the third quarter worth about $287,000. 64.26% of the stock is currently owned by institutional investors.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.