PUBM
BuyHot AirAI neutralPubMatic, Inc. · Technology · United States · $785M cap · $11.4M/day traded
$16.59 -3.8% · close 26 Oct · scored 27 Oct
StockRank down 2.4 since 24 Oct.
Hot Air: Rising on momentum alone: weak business, rich price.
Report expected 9 Nov: the next-year EPS estimate has risen 66.6% over the last 14 weeks.
As of 27 Oct 2026, MoatMap's StockRank for PubMatic, Inc. (PUBM) is 67/100, ranked against 24,000+ stocks in 35 markets (Quality 46, Value 36, Momentum 80, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
PubMatic runs a sell-side advertising technology platform that helps publishers sell ad space programmatically. A court remedy in the Google advertising antitrust case could open more of the market to independent platforms, and the company has hired a new chief revenue officer and is buying back shares. But it lost volume from a large buyer last year, profitability is thin, and insiders sold about 1.6% of shares outstanding in the past 90 days.
ABOUT PUBMATIC, INC.
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PubMatic is a leading independent sell-side advertising platform (SSP) that enables digital publishers to monetize their programmatic advertising inventory across desktop, mobile, and connected TV (CTV). The company differentiates itself through its owned-and-operated infrastructure, which allows for superior processing efficiency and higher operating margins than cloud-reliant competitors. Its strong relationships with global agencies and demand-side platforms (DSPs) secure its position as a preferred supply-path optimization partner.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 256.4M | 267.0M | 291.3M | 282.9M | 3.3% | 289.2M | 308.5M | 334.2M | 8.7% |
| EPS | 0.55 | 0.17 | 0.25 | -0.31 | -32.6% | -0.29 | — | — | — |
| Shares | 52.7M | 50.2M | 48.1M | 46.9M | -11.0% | 37.3M | — | — | — |
| Debt | 26.6M | 21.8M | 45.4M | 43.9M | 18.2% | 40.9M | — | — | — |
| Equity | 312.2M | 296.2M | 277.3M | 262.6M | -5.6% | — | — | — | — |
| Op CF | 87.2M | 81.1M | 73.4M | 81.1M | -2.4% | 88.0M | — | — | — |
| Inv CF | -81.4M | -39.0M | 22.3M | 6.1M | — | — | — | — | — |
| Fin CF | 4.0M | -56.0M | -73.5M | -42.7M | — | — | — | — | — |
Above its 200-day average and 15% below its 52-week high.
Swung more than 84% of stocks we rank over the past year (72% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of PUBM are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| PUBM | PubMatic, Inc.(you) | $785M | 67 | Buy |
| SPT | Sprout Social, Inc. | $779M | 69 | Buy |
| RSKD | Riskified Ltd. | $1.2B | 66 | Buy |
| OOMA | Ooma, Inc. | $546M | 70 | Buy |
| IBTA | Ibotta, Inc. | $1.1B | 70 | Buy |
| DJCO | Daily Journal Corporation | $817M | 55 | Hold |
| CRNC | Cerence Inc. | $377M | 64 | Hold |
| DSP | Viant Technology Inc. | $919M | 83 | Strong Buy |
| MITK | Mitek Systems, Inc. | $841M | 85 | Strong Buy |
| APPS | Digital Turbine, Inc. | $1.2B | 55 | Hold |
Peer medians: ROE 4.9% · P/E 32.5x · Gross margin 52.2%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.