Key Points
- CEO Rajeev Goel sold 44,000 shares on March 9 at an average price of $8.72 for a total of $383,680, disclosed in an SEC Form 4 filing.
- PubMatic beat the quarter's EPS and revenue estimates (EPS $0.29 vs. $0.16 consensus; revenue $80.05M vs. $76.12M) but remains unprofitable with a negative net margin (-5.11%) and negative ROE, while shares trade near $8.41 and the market cap is about $390M.
- The stock carries a consensus rating of Moderate Buy with an average target of $12.63, and institutional ownership is high (64.26%) with notable recent inflows including a large stake increase by Millennium Management.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $8.72, for a total transaction of $383,680.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
PubMatic Stock Performance
PUBM traded down $0.01 during midday trading on Thursday, reaching $8.41. The company had a trading volume of 22,436 shares, compared to its average volume of 730,748. The stock has a market cap of $390.30 million, a PE ratio of -27.11 and a beta of 1.46. PubMatic, Inc. has a 12-month low of $6.15 and a 12-month high of $13.88. The business has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $8.27.
PubMatic (NASDAQ:PUBM - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.13. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. The firm had revenue of $80.05 million during the quarter, compared to the consensus estimate of $76.12 million. On average, research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on PUBM. B. Riley Financial raised PubMatic from a "neutral" rating to a "buy" rating and raised their target price for the stock from $10.00 to $10.50 in a research report on Friday, February 27th. Wolfe Research reiterated an "outperform" rating and set a $14.00 price target on shares of PubMatic in a research note on Monday, January 5th. Wall Street Zen raised PubMatic from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings restated a "sell (d)" rating on shares of PubMatic in a research note on Thursday, January 22nd. Finally, Lake Street Capital raised shares of PubMatic from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.63.
Get Our Latest Stock Analysis on PUBM
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock worth $39,000 after buying an additional 1,915 shares in the last quarter. Invesco Ltd. grew its position in PubMatic by 20.0% during the fourth quarter. Invesco Ltd. now owns 105,509 shares of the company's stock worth $936,000 after buying an additional 17,581 shares in the last quarter. XTX Topco Ltd bought a new position in PubMatic in the 4th quarter worth about $199,000. Tudor Investment Corp ET AL purchased a new stake in shares of PubMatic in the 4th quarter valued at about $893,000. Finally, Millennium Management LLC raised its holdings in shares of PubMatic by 320.0% in the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company's stock valued at $8,144,000 after acquiring an additional 699,549 shares in the last quarter. Institutional investors own 64.26% of the company's stock.
About PubMatic
(
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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