B. Riley Financial Forecasts Strong Price Appreciation for PubMatic (NASDAQ:PUBM) Stock

PubMatic (NASDAQ:PUBM) had its target price boosted by investment analysts at B. Riley Financial from $21.00 to $24.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial‘s target price suggests a potential upside of 41.26% from the stock’s current price.

A number of other equities research analysts have also issued reports on PUBM. Craig Hallum assumed coverage on PubMatic in a research note on Thursday, September 24th. They issued a “buy” rating and a $24.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of PubMatic in a research report on Wednesday, November 4th. Raymond James Financial upgraded PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, August 7th. Scotiabank upgraded PubMatic from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $8.00 to $21.00 in a report on Friday, August 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of PubMatic in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

PubMatic Price Performance

NASDAQ PUBM traded down $2.04 during trading hours on Tuesday, hitting $16.99. The company had a trading volume of 505,244 shares, compared to its average volume of 674,616. PubMatic has a fifty-two week low of $6.15 and a fifty-two week high of $19.48. The company has a market capitalization of $773.89 million, a price-to-earnings ratio of -56.53 and a beta of 1.59. The firm’s 50 day moving average is $17.43 and its 200 day moving average is $12.36.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Monday, November 9th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.27. The company had revenue of $79.58 million for the quarter, compared to analyst estimates of $76.09 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. On average, equities analysts anticipate that PubMatic will post -0.09 EPS for the current year.

Insider Activity

In related news, Chairman Amar K. Goel sold 10,795 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $18.66, for a total value of $201,434.70. Following the transaction, the chairman owned 35,580 shares in the company, valued at approximately $663,922.80. The trade was a 23.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Steven Pantelick sold 23,491 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $18.97, for a total value of $445,624.27. Following the completion of the transaction, the chief financial officer owned 32,526 shares in the company, valued at approximately $617,018.22. This trade represents a 41.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 361,818 shares of company stock valued at $6,481,715. Corporate insiders own 27.78% of the company’s stock.

Institutional Investors Weigh In On PubMatic

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Diversified Trust Co grew its position in shares of PubMatic by 64.2% during the third quarter. Diversified Trust Co now owns 28,841 shares of the company’s stock worth $540,000 after buying an additional 11,277 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in PubMatic by 86.1% in the third quarter. Russell Investments Group Ltd. now owns 155,596 shares of the company’s stock valued at $2,915,000 after acquiring an additional 71,968 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in PubMatic in the third quarter valued at $39,000. Avestar Capital LLC raised its holdings in PubMatic by 250.3% in the third quarter. Avestar Capital LLC now owns 192,688 shares of the company’s stock valued at $3,609,000 after acquiring an additional 137,688 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of PubMatic by 28.0% in the 2nd quarter. WINTON GROUP Ltd now owns 16,900 shares of the company’s stock worth $222,000 after purchasing an additional 3,700 shares during the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

Key PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Quarterly results beat expectations. PubMatic reported Q3 revenue of $79.58 million, above the $76.09 million consensus, and earnings of $0.25 per share, ahead of estimates. The company also said adjusted EBITDA more than doubled year over year and revenue growth accelerated for a third consecutive quarter. PubMatic Q3 results
• Positive Sentiment: Full-year outlook and analyst targets improved. FY 2026 revenue guidance of $312 million–$314 million tops the $308.4 million consensus. Royal Bank of Canada raised its target to $22 and kept an “outperform” rating; Rosenblatt raised its target to $25 and maintained a “buy” rating. Analyst price target update
• Positive Sentiment: Share buyback authorized. PubMatic approved a $150 million share repurchase program, which could support shareholder returns. Share buyback announcement
• Neutral Sentiment: Q4 guidance is close to expectations. The company forecast revenue of $91 million–$93 million, compared with consensus of $91.1 million, offering little near-term upside relative to expectations. Q4 outlook and capital spending
• Negative Sentiment: Higher investment and sector weakness may weigh on sentiment. PubMatic raised its full-year capital expenditure outlook to $24 million–$28 million, which could constrain near-term cash flow. Ad-tech shares were also broadly under pressure, with Trade Desk declining despite beating earnings and revenue estimates. Ad-tech sector trading

PubMatic Company Profile

PubMatic, Inc. is a cloud infrastructure and digital advertising technology company that provides solutions for the programmatic advertising industry. Its platform helps publishers, app developers and content creators manage and monetize advertising inventory across websites, mobile applications, connected television and other digital channels. The company operates primarily as a sell-side platform, connecting publishers with advertisers, agencies and demand-side platforms. Its offerings include tools for real-time bidding, yield management, audience targeting, identity solutions, supply-path optimization and header bidding.