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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:MGNI

Magnite (MGNI) Stock Price, News & Analysis

$10.38
-0.09 (-0.86%)
(As of 03/27/2024 ET)
Today's Range
$10.23
$10.57
50-Day Range
$8.76
$12.23
52-Week Range
$6.28
$15.73
Volume
704,354 shs
Average Volume
1.41 million shs
Market Capitalization
$1.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.78

Magnite MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
42.4% Upside
$14.78 Price Target
Short Interest
Healthy
4.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of Magnite in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$840,750 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.33 out of 5 stars

Computer And Technology Sector

250th out of 588 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

17th out of 54 stocks

MGNI stock logo

About Magnite Stock (NASDAQ:MGNI)

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.

MGNI Stock Price History

MGNI Stock News Headlines

Magnite's (MGNI) "Buy" Rating Reiterated at Benchmark
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Analyst Scoreboard: 10 Ratings For Magnite
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
MGNI Apr 2024 7.500 call
Magnite: Cash Flows Now Matter
Critical Insights From Magnite Analyst Ratings: What You Need To Know
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/27/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:MGNI
Employees
911
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.78
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+42.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$-159,180,000.00
Pretax Margin
-25.42%

Debt

Sales & Book Value

Annual Sales
$619.71 million
Cash Flow
$0.64 per share
Book Value
$5.09 per share

Miscellaneous

Free Float
129,745,000
Market Cap
$1.41 billion
Optionable
Optionable
Beta
2.27
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MGNI Stock Analysis - Frequently Asked Questions

Should I buy or sell Magnite stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnite in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MGNI shares.
View MGNI analyst ratings
or view top-rated stocks.

What is Magnite's stock price target for 2024?

10 brokerages have issued 1-year target prices for Magnite's stock. Their MGNI share price targets range from $12.00 to $18.00. On average, they predict the company's share price to reach $14.78 in the next year. This suggests a possible upside of 42.4% from the stock's current price.
View analysts price targets for MGNI
or view top-rated stocks among Wall Street analysts.

How have MGNI shares performed in 2024?

Magnite's stock was trading at $9.34 at the beginning of 2024. Since then, MGNI shares have increased by 11.1% and is now trading at $10.38.
View the best growth stocks for 2024 here
.

When is Magnite's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MGNI earnings forecast
.

How were Magnite's earnings last quarter?

Magnite, Inc. (NASDAQ:MGNI) issued its quarterly earnings results on Wednesday, February, 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.13. The company had revenue of $165.28 million for the quarter, compared to analyst estimates of $160.24 million. Magnite had a positive trailing twelve-month return on equity of 2.52% and a negative net margin of 25.69%.

What guidance has Magnite issued on next quarter's earnings?

Magnite updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $122.0 million-$126.0 million, compared to the consensus revenue estimate of $119.6 million.

What other stocks do shareholders of Magnite own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnite investors own include Trade Desk (TTD), Datadog (DDOG), DocuSign (DOCU), Tesla (TSLA), CrowdStrike (CRWD), Walt Disney (DIS), Fastly (FSLY), Fiverr International (FVRR), QUALCOMM (QCOM) and Roku (ROKU).

Who are Magnite's major shareholders?

Magnite's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.18%), Vanguard Group Inc. (9.04%), Granahan Investment Management LLC (4.88%), Dimensional Fund Advisors LP (3.95%), Wellington Management Group LLP (2.10%) and Nuveen Asset Management LLC (2.10%). Insiders that own company stock include Aaron Saltz, Adam Lee Soroca, Brian Gephart, David Buonasera, David Day, Douglas S Knopper, Joseph R Prusz, Joseph R Prusz, Katie Seitz Evans, Lisa L Troe, Michael G Barrett, Michael G Barrett, Paul Caine, Rachel Lam, Robert F Spillane, Sean Patrick Buckley, Shawna Hughes and Thomas Kershaw.
View institutional ownership trends
.

How do I buy shares of Magnite?

Shares of MGNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MGNI) was last updated on 3/28/2024 by MarketBeat.com Staff

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