B. Riley Comments on PubMatic's Q1 Earnings (NASDAQ:PUBM)

PubMatic, Inc. (NASDAQ:PUBM - Free Report) - Equities researchers at B. Riley reduced their Q1 2025 EPS estimates for PubMatic in a research note issued on Monday, January 27th. B. Riley analyst Z. Cummins now anticipates that the company will earn ($0.26) per share for the quarter, down from their previous forecast of ($0.22). The consensus estimate for PubMatic's current full-year earnings is $0.22 per share. B. Riley also issued estimates for PubMatic's Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $0.10 EPS and FY2026 earnings at $0.34 EPS.

A number of other research firms have also weighed in on PUBM. Scotiabank assumed coverage on shares of PubMatic in a research note on Thursday, December 5th. They issued a "sector perform" rating and a $17.00 price objective for the company. Evercore ISI lifted their price target on PubMatic from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $20.00 price objective on shares of PubMatic in a research note on Monday. Royal Bank of Canada dropped their target price on PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Macquarie reissued a "neutral" rating and set a $19.00 price objective on shares of PubMatic in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, PubMatic presently has a consensus rating of "Moderate Buy" and an average price target of $20.00.

PubMatic Stock Up 2.7 %

NASDAQ PUBM traded up $0.41 during trading hours on Wednesday, reaching $15.57. 268,336 shares of the company were exchanged, compared to its average volume of 303,357. The business's 50 day simple moving average is $15.46 and its 200-day simple moving average is $15.93. PubMatic has a 1 year low of $13.18 and a 1 year high of $25.36. The stock has a market capitalization of $743.78 million, a P/E ratio of 50.23 and a beta of 1.41.

Institutional Investors Weigh In On PubMatic

Several hedge funds have recently added to or reduced their stakes in the business. Founders Capital Management lifted its stake in PubMatic by 100.0% in the 3rd quarter. Founders Capital Management now owns 2,000 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. New York State Teachers Retirement System purchased a new position in PubMatic during the third quarter worth about $51,000. FMR LLC raised its position in PubMatic by 201.6% in the third quarter. FMR LLC now owns 4,053 shares of the company's stock valued at $60,000 after purchasing an additional 2,709 shares during the period. International Assets Investment Management LLC grew its position in PubMatic by 1,387.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,205 shares of the company's stock valued at $77,000 after acquiring an additional 4,855 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of PubMatic during the third quarter worth $161,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Rajeev K. Goel sold 19,892 shares of PubMatic stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $14.44, for a total transaction of $287,240.48. Following the transaction, the chief executive officer now directly owns 4,330 shares of the company's stock, valued at $62,525.20. This trade represents a 82.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mukul Kumar sold 4,480 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total value of $66,483.20. Following the sale, the insider now owns 52,005 shares of the company's stock, valued at approximately $771,754.20. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,190 shares of company stock valued at $1,956,331 in the last three months. Corporate insiders own 2.90% of the company's stock.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.