Key Points
- Chairman Amar Goel sold 6,250 PubMatic shares for approximately $106,500 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 14.94% to 35,580 shares.
- PubMatic recently outperformed quarterly expectations, reporting a loss of $0.03 per share versus the $0.18 expected loss and revenue of $78.59 million against the $68.95 million consensus estimate.
- Analysts maintain a “Moderate Buy” consensus, with an average price target of $18.25, while institutional investors own 64.26% of the company.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar Goel sold 6,250 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $17.04, for a total value of $106,500.00. Following the transaction, the chairman owned 35,580 shares in the company, valued at approximately $606,283.20. This represents a 14.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PubMatic Stock Performance
PUBM stock opened at $16.50 on Friday. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $18.44. The firm has a market cap of $751.58 million, a P/E ratio of -55.00 and a beta of 1.58. The stock has a 50-day simple moving average of $14.77 and a 200-day simple moving average of $11.29.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.15. The business had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. On average, equities research analysts predict that PubMatic, Inc. will post -0.09 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on PUBM. Citigroup reiterated an "outperform" rating on shares of PubMatic in a research note on Friday, August 7th. Wall Street Zen downgraded shares of PubMatic from a "buy" rating to a "hold" rating in a research note on Saturday. Scotiabank raised shares of PubMatic from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $8.00 to $21.00 in a report on Friday, August 7th. Royal Bank Of Canada lifted their price target on shares of PubMatic from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group boosted their price objective on shares of PubMatic from $10.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PubMatic presently has an average rating of "Moderate Buy" and an average target price of $18.25.
View Our Latest Stock Analysis on PubMatic
Institutional Investors Weigh In On PubMatic
A number of hedge funds have recently bought and sold shares of PUBM. Quantinno Capital Management LP increased its holdings in PubMatic by 248.0% during the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company's stock worth $1,692,000 after purchasing an additional 147,386 shares during the last quarter. Simcoe Capital LLC purchased a new position in shares of PubMatic during the 4th quarter valued at approximately $3,625,000. CenterBook Partners LP grew its position in shares of PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock worth $10,174,000 after buying an additional 398,595 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of PubMatic by 26.3% during the first quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company's stock worth $12,602,000 after buying an additional 321,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of PubMatic in the first quarter worth $1,687,000. Institutional investors and hedge funds own 64.26% of the company's stock.
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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