PubMatic (PUBM)

• Market cap: $443M
• 1 day: 12.16%
• 5 days: 10.00%
• 1 month: -5.68%
• 3 months: -37.12%
• 6 months: -40.33%
• Year to date: -38.44%
• 1 year: -57.67%
• 5 years: -69.00%
• 10 years: -69.00%
• Sector: Technology
• Industry: Software - Application

About: PubMatic Inc is a supply-side platform provider in the digital advertising technology market. These platforms help publishers, which supply digital ad inventory, manage their inventory, selling a high percentage of their inventory (increase the ad fill rate) and maximizing revenue per ad sold (optimize yield). The company generates revenue mainly by 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. Geographically, the company generates the majority of its revenue from the United States, followed by EMEA and APAC.

Employees: 1,049

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

4.9% more ownership

Funds ownership: 61.6% [Q3] → 66.5% (+4.9%) [Q4]

2% more capital invested

Capital invested by funds: $377M [Q3] → $386M (+$8.21M) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 53

4% less funds holding

Funds holding: 166 [Q3] → 159 (-7) [Q4]

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

30% less call options, than puts

Call options by funds: $8.53M | Put options by funds: $12.1M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 64% upside
• Avg. target: $27 196% upside
• High target: $61 568% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Citizens Capital Markets Ronald Josey 39% 1-year accuracy 24 / 62 met price target	568% upside $61	Market Outperform Reiterated	10 Mar 2025
Citizens Capital Markets Andrew Boone 29% 1-year accuracy 27 / 93 met price target	97% upside $18	Market Outperform Maintained	3 Mar 2025
Scotiabank Nat Schindler 20% 1-year accuracy 3 / 15 met price target	64% upside $15	Sector Perform Maintained	28 Feb 2025
Lake Street Eric Martinuzzi 29% 1-year accuracy 8 / 28 met price target	130% upside $21	Buy Maintained	28 Feb 2025
JMP Securities Greg Miller 29% 1-year accuracy 8 / 28 met price target	119% upside $20	Market Outperform Reiterated	27 Jan 2025