PubMatic (PUBM)

• Market cap: $456M
• 1 day: -5.24%
• 5 days: -6.93%
• 1 month: -40.51%
• 3 months: -42.33%
• 6 months: -35.53%
• Year to date: -36.61%
• 1 year: -59.09%
• 5 years: -68.08%
• 10 years: -68.08%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

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 filings by fund managers ($100M+ AUM)

4.75% more ownership

Funds ownership: 61.75% [Q3] → 66.5% (+4.75%) [Q4]

2% more capital invested

Capital invested by funds: $378M [Q3] → $386M (+$7.28M) [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

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

• Low target: $15 60% upside
• Avg. target: $26 173% upside
• High target: $61 549% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Citizens Capital Markets Ronald Josey 49% 1-year accuracy 29 / 59 met price target	549% upside $61	Market Outperform Reiterated	10 Mar 2025
Citizens Capital Markets Andrew Boone 54% 1-year accuracy 51 / 94 met price target	91% upside $18	Market Outperform Maintained	3 Mar 2025
Scotiabank Nat Schindler 36% 1-year accuracy 5 / 14 met price target	60% upside $15	Sector Perform Maintained	28 Feb 2025
Lake Street Eric Martinuzzi 19% 1-year accuracy 5 / 27 met price target	123% upside $21	Buy Maintained	28 Feb 2025
JMP Securities Greg Miller 32% 1-year accuracy 8 / 25 met price target	113% upside $20	Market Outperform Reiterated	27 Jan 2025