Overview
PubMatic, Inc. delivers superior revenue to publishers by being a sell-side platform of choice for agencies and advertisers. The PubMatic platform empowers independent app developers and publishers to maximize their digital advertising monetization while enabling advertisers to increase ROI by reaching and engaging their target audiences in brand-safe, premium environments across ad formats and devices. Since 2006, PubMatic has created an efficient, global infrastructure and remains at the forefront of programmatic innovation. Headquartered in Redwood City, California, PubMatic operates 14 offices and eight data centers worldwide.
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Basic Stats
The share price of PubMatic, Inc. as of September 5, 2025 is $8.37 / share. This is a decrease of -3.46% from the prior week. The market cap (or net worth) of PubMatic, Inc. as of September 5, 2025 is $381.47 MM.
The Factor Analysis chart (below right) shows a view of PubMatic, Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 381.47 MM |
| EV | 291.00 MM |
| Shares Out. | 45.66 MM |
| Earnings Date | |
| EPS (TTM) | -0.04 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 0.41 |
| Short Shares Avail. | 1.40 MM |
| Short Interest | 1.88 MM |
| Short Float | 5.48 % |
| Days to Cover | 5.58 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | -45.36 % |
| Volatility (1 yr) | 0.59 |
| Beta | 1.68 |
| Sharpe Ratio (1 yr) | -0.84 |
| Sortino Ratio (1 yr) | -1.20 |
| PE Ratio | -223.48 |
| Price/Book | 1.57 |
| Price/TBV | 1.81 |
| Book/Market | 0.64 |
| EBIT/EV | 0.00 |
| EBIT(3yr avg)/EV | 0.04 |
| ROA | -0.00 |
| ROE | -0.01 |
| ROIC | -0.01 |
| CROIC | 0.06 |
| OCROIC | 0.23 |
| Implied Volatility | 56.88 % |
| Put/Call OI Ratio | 0.44 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for PubMatic, Inc. is $11.39. The forecasts range from a low of $9.09 to a high of $17.85. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for PubMatic, Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-11-09 | RBC Capital | Outperform | Maintains | |
| 2022-11-09 | Raymond James | Outperform | Maintains | |
| 2022-11-09 | Oppenheimer | Outperform | Maintains | |
| 2022-11-09 | JMP Securities | Market Outperform | Maintains | |
| 2022-08-09 | Raymond James | Outperform | Maintains | |
| 2022-08-09 | JMP Securities | Market Outperform | Maintains | |
| 2022-08-01 | Keybanc | Overweight | Sector Weight | Downgrade |
| 2022-07-26 | Raymond James | Outperform | Maintains | |
| 2022-06-15 | Lake Street | Buy | Initiate | |
| 2022-05-31 | Jefferies | Buy | Hold | Downgrade |
| 2022-05-10 | RBC Capital | Outperform | Maintains | |
| 2022-05-10 | Raymond James | Outperform | Maintains | |
| 2022-05-10 | Keybanc | Overweight | Maintains | |
| 2022-05-10 | JMP Securities | Market Outperform | Maintains | |
| 2022-03-16 | RBC Capital | Outperform | Maintains | |
| 2022-03-01 | Raymond James | Outperform | Maintains | |
| 2022-03-01 | Keybanc | Overweight | Maintains | |
| 2022-03-01 | JMP Securities | Market Outperform | Maintains | |
| 2021-11-10 | RBC Capital | Outperform | Maintains | |
| 2021-11-10 | Raymond James | Outperform | Maintains | |
| 2021-10-04 | Vertical Research | Positive | Mixed | Downgrade |
| 2021-09-22 | Berenberg | Buy | Initiate | |
| 2021-08-31 | Macquarie | Outperform | Initiate | |
| 2021-08-11 | Raymond James | Market Perform | Outperform | Upgrade |
| 2021-08-11 | Keybanc | Overweight | Maintains | |
| 2021-06-10 | Evercore ISI Group | In-Line | Outperform | Upgrade |
| 2021-05-14 | Keybanc | Overweight | Maintains | |
| 2021-04-06 | Evercore ISI Group | In-Line | Initiate | |
| 2021-01-04 | RBC Capital | Outperform | Initiate | |
| 2021-01-04 | Raymond James | Market Perform | Initiate | |
| 2021-01-04 | KeyBanc | Overweight | Initiate | |
| 2021-01-04 | JMP Securities | Market Outperform | Initiate | |
| 2021-01-04 | Jefferies | Buy | Initiate | |
| 2023-03-01 | Oppenheimer | Outperform | Maintains | |
| 2023-03-01 | JMP Securities | Market Perform | Maintains | |
| 2023-03-01 | Raymond James | Outperform | Maintains | |
| 2023-03-01 | RBC Capital | Outperform | Maintains | |
| 2023-03-16 | JMP Securities | Market Outperform | Reiterate | |
| 2023-04-13 | B. Riley Securities | Buy | Initiate | |
| 2023-06-02 | JMP Securities | Market Outperform | Reiterate | |
| 2023-05-22 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-05-10 | Raymond James | Outperform | Maintains | |
| 2023-08-09 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-08-09 | Macquarie | Outperform | Neutral | Downgrade |
| 2023-08-09 | Oppenheimer | Outperform | Perform | Downgrade |
| 2023-08-09 | Raymond James | Outperform | Outperform | Maintains |
| 2023-08-10 | JMP Securities | Market Outperform | Market Outperform | Maintains |
| 2023-08-01 | Raymond James | Outperform | Outperform | Maintains |
| 2024-03-25 | RBC Capital | Outperform | Outperform | Reiterate |
| 2023-11-09 | Raymond James | Outperform | Outperform | Maintains |
| 2024-02-27 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-02-27 | JMP Securities | Market Outperform | Market Outperform | Maintains |
| 2024-02-27 | B. Riley Securities | Buy | Buy | Maintains |
| 2024-05-08 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-04-19 | B. Riley Securities | Buy | Reiterate | |
| 2024-07-16 | Wolfe Research | Outperform | Initiate | |
| 2024-08-09 | Jefferies | Hold | Hold | Maintains |
| 2024-08-09 | Raymond James | Outperform | Market Perform | Downgrade |
| 2025-01-27 | JMP Securities | Market Outperform | Market Outperform | Reiterate |
| 2024-08-09 | B. Riley Securities | Buy | Buy | Maintains |
| 2024-08-09 | Macquarie | Neutral | Neutral | Maintains |
| 2024-08-09 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-08-21 | Rosenblatt | Buy | Initiate | |
| 2024-11-14 | Macquarie | Neutral | Neutral | Maintains |
| 2024-11-13 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2025-08-12 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-01-03 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-12-05 | Scotiabank | Sector Perform | Initiate | |
| 2025-02-28 | Lake Street | Buy | Buy | Maintains |
| 2024-08-20 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-02-28 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2025-03-03 | Citizens Capital Markets | Market Outperform | Market Outperform | Maintains |
| 2025-03-10 | Citizens Capital Markets | Market Outperform | Market Outperform | Reiterate |
| 2025-08-12 | Lake Street | Buy | Hold | Downgrade |
| 2025-08-12 | JMP Securities | Market Outperform | Market Outperform | Maintains |
| 2025-08-12 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2025-05-02 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-05-09 | Lake Street | Buy | Buy | Maintains |
| 2025-08-13 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2025-08-12 | B. Riley Securities | Buy | Neutral | Downgrade |
