Key Points
- PubMatic CEO Rajeev Goel sold 44,000 shares on Jan. 20 at an average price of $7.55, yielding about $332,200, as disclosed in an SEC Form 4 filing.
- The company beat the last quarter's EPS and revenue estimates (EPS $0.03 vs. ($0.01) expected; revenue $67.96M vs. $63.95M) but still shows a negative net margin and return on equity, and the stock trades near its 12‑month low around $7.79.
- Analysts are mixed with a consensus rating of Hold and an average price target of $12.44, while institutional ownership is high (about 64%) and several hedge funds have recently adjusted their positions.
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 Tuesday, January 20th. The shares were sold at an average price of $7.55, for a total value of $332,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
PubMatic Stock Up 4.4%
Shares of PUBM opened at $7.79 on Friday. The company has a 50 day moving average of $8.75 and a 200-day moving average of $9.23. The stock has a market capitalization of $361.61 million, a P/E ratio of -41.00 and a beta of 1.49. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.32.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The business had revenue of $67.96 million during the quarter, compared to analysts' expectations of $63.95 million. On average, sell-side analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On PubMatic
Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock worth $61,000 after acquiring an additional 3,541 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of PubMatic by 120.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company's stock valued at $73,000 after purchasing an additional 4,856 shares in the last quarter. CWM LLC lifted its position in shares of PubMatic by 506.1% during the 2nd quarter. CWM LLC now owns 5,964 shares of the company's stock worth $74,000 after buying an additional 4,980 shares during the last quarter. Diversified Trust Co lifted its position in shares of PubMatic by 13.1% during the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company's stock worth $122,000 after buying an additional 1,699 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in PubMatic in the third quarter valued at about $131,000. 64.26% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Wolfe Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of PubMatic in a research report on Monday, January 5th. Wall Street Zen downgraded PubMatic from a "hold" rating to a "sell" rating in a research note on Saturday, January 10th. Rosenblatt Securities increased their price objective on PubMatic from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a research report on Wednesday, October 8th. Finally, B. Riley raised their price target on shares of PubMatic from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.44.
View Our Latest Analysis 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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