Investigation announced for Investors who lost money with shares of PubMatic, Inc. (NASDAQ: PUBM)

An investigation was announced for investors of PubMatic, Inc. (NASDAQ: PUBM) shares over potential securities laws violations by PubMatic, Inc. in connection with certain financial statements.

Investors who purchased shares of PubMatic, Inc. (NASDAQ: PUBM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by PubMatic, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Redwood City, CA based PubMatic, Inc. provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. PubMatic, Inc. reported that its annual Total Revenue rose from $226.9 million in 2021 to $256.38 million in 2022, and that its Net Income declined from $56.6 million in 2021 to $28.7 million in 2022.

On December 9, 2020, PubMatic, Inc. conducted its initial public offering ("IPO") of 5.9 million shares priced at $20.00.

Then, on August 9, 2023, Oppenheimer downgraded PubMatic, Inc. to "Perform" from "Outperform", citing multiple headwinds expected in the second half of the year.Specifically Oppenheimer noted that "[m]ostly through earnings season, [PubMatic's] 2H [i.e., second-half] outlook appears materially worse than peers': exposure to bankrupt DSP MediaMath, weak demand for CTV. . . And lack of exposure to Retail Media . . . Currently, PUBM is the only digital media company talking about materially weaker 2H[.]"

Shares of PubMatic, Inc. (NASDAQ: PUBM) declined to as low as $12.02 per share on August 18, 2023.

Those who purchased shares of PubMatic, Inc. (NASDAQ: PUBM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.