PubMaticPUBM
Market Cap: $719M
About: PubMatic is one of the leading supply-side platform providers in the digital advertising technology market. These platforms help publishers, which supply digital ad inventory, better manage their inventory, selling a high percentage of their inventory (increase the ad fill rate) and maximizing revenue per ad sold (optimize yield). PubMatic generates revenue mainly via taking a piece of the ad sales that it enables. Buyers on the platform include intermediary buyers, such as demand-side platforms, or advertisers and ad agencies directly. Given the growth in overall digital advertising, more publishers and advertisers are adopting programmatic (or automated) buying and selling, driving the firm's success in attracting more inventory.
Employees: 948
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 30
35% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 48
8% more funds holding
Funds holding: 176 [Q1] → 190 (+14) [Q2]
1.66% more ownership
Funds ownership: 59.96% [Q1] → 61.62% (+1.66%) [Q2]
5% less call options, than puts
Call options by funds: $13.6M | Put options by funds: $14.3M
11% less capital invested
Capital invested by funds: $583M [Q1] → $519M (-$63.9M) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
RBC Capital Matthew Swanson 75% 1-year accuracy 15 / 20 met price target | 59%upside $23 | Outperform Maintained | 20 Aug 2024 |
RBC Capital Matthew Swanson 75% 1-year accuracy 15 / 20 met price target | 79%upside $26 | Outperform Maintained | 9 Aug 2024 |
Macquarie Tim Nollen 70% 1-year accuracy 14 / 20 met price target | 10%upside $16 | Neutral Maintained | 9 Aug 2024 |
B. Riley Securities Daniel Day 63% 1-year accuracy 12 / 19 met price target | 52%upside $22 | Buy Maintained | 9 Aug 2024 |
Jefferies James Heaney 63% 1-year accuracy 5 / 8 met price target | 10%upside $16 | Hold Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 6 articles about PUBM published over the past 30 days