PubMatic (PUBM)

• Market cap: $715M
• 1 day: 0.88%
• 5 days: 3.10%
• 1 month: -1.97%
• 3 months: -2.22%
• 6 months: -31.41%
• Year to date: 0.88%
• 1 year: -0.73%
• 5 years: -49.20%
• 10 years: -49.20%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

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 Q3 regulatory filings by fund managers ($100M+ AUM)

30% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 47

0.84% less ownership

Funds ownership: 62.6% [Q2] → 61.76% (-0.84%) [Q3]

14% less funds holding

Funds holding: 192 [Q2] → 166 (-26) [Q3]

22% less call options, than puts

Call options by funds: $9.32M | Put options by funds: $11.9M

35% less capital invested

Capital invested by funds: $527M [Q2] → $344M (-$184M) [Q3]

45% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 53

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

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

• Low target: $17 14% upside
• Avg. target: $19.25 29% upside
• High target: $22 47% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

RBC Capital Matthew Swanson 42% 1-year accuracy 16 / 38 met price target	27% upside $19	Outperform Maintained	3 Jan 2025
Scotiabank Nat Schindler 36% 1-year accuracy 4 / 11 met price target	14% upside $17	Sector Perform Initiated	5 Dec 2024
Macquarie Tim Nollen 65% 1-year accuracy 26 / 40 met price target	27% upside $19	Neutral Maintained	14 Nov 2024
Evercore ISI Group Shweta Khajuria 47% 1-year accuracy 8 / 17 met price target	47% upside $22	Outperform Maintained	13 Nov 2024