Key Points
- CEO Rajeev Goel sold 44,000 shares on Dec. 22 at an average price of $8.92 for a total of $392,480, per an SEC filing.
- PubMatic beat the quarter's estimates with EPS of $0.03 and revenue of $67.96M, but remains unprofitable (negative net margin, P/E -47) and is trading around $8.90 with a 12-month range of $7.01–$17.32.
- Institutional investors own about 64.3% of the stock with several funds increasing stakes, while analysts are mixed and the consensus rating is "Hold" with a $12.19 target.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of the business's stock in a transaction that occurred on 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 document filed with the SEC, which is available at the SEC website.
PubMatic Price Performance
PUBM opened at $8.93 on Wednesday. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.32. The stock has a market capitalization of $414.53 million, a P/E ratio of -47.00 and a beta of 1.49. The business has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $9.70.
PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%.The firm had revenue of $67.96 million during the quarter, compared to analysts' expectations of $63.95 million. Research analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current year.
Institutional Trading of PubMatic
Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its stake in shares of PubMatic by 47.2% during the 1st quarter. Invesco Ltd. now owns 74,526 shares of the company's stock worth $681,000 after purchasing an additional 23,902 shares in the last quarter. Nuveen LLC purchased a new stake in PubMatic in the 1st quarter valued at approximately $3,963,000. Wellington Management Group LLP grew its holdings in PubMatic by 20.0% during the 1st quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company's stock valued at $9,852,000 after buying an additional 179,951 shares during the last quarter. Quantbot Technologies LP purchased a new position in PubMatic during the first quarter worth $78,000. Finally, Hsbc Holdings PLC increased its position in PubMatic by 104.8% during the first quarter. Hsbc Holdings PLC now owns 40,571 shares of the company's stock worth $371,000 after buying an additional 20,757 shares in the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of PubMatic in a research note on Wednesday, October 8th. Evercore ISI lifted their price target on shares of PubMatic from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Tuesday, November 11th. Wolfe Research reissued an "outperform" rating and set a $12.00 price target on shares of PubMatic in a research note on Tuesday, November 11th. Wall Street Zen upgraded PubMatic from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Rosenblatt Securities raised their price objective on PubMatic from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PubMatic presently has a consensus rating of "Hold" and a consensus target price of $12.19.
Check Out Our Latest Research Report on PubMatic
PubMatic Company Profile
(
Get Free Report)
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.
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