NASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free MGNI Stock Alerts $10.38 -0.09 (-0.86%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$10.23▼$10.5750-Day Range$8.76▼$12.2352-Week Range$6.28▼$15.73Volume704,354 shsAverage Volume1.41 million shsMarket Capitalization$1.41 billionP/E RatioN/ADividend YieldN/APrice Target$14.78 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Magnite alerts: Email Address Magnite MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside42.4% Upside$14.78 Price TargetShort InterestHealthy4.87% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.54Based on 11 Articles This WeekInsider TradingSelling Shares$840,750 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 starsComputer And Technology Sector250th out of 588 stocksComputer Programming, Data Processing, & Other Computer Related Industry17th out of 54 stocks 4.4 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.78, Magnite has a forecasted upside of 42.4% from its current price of $10.38.Amount of Analyst CoverageMagnite has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.87% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 5.4.Change versus previous monthShort interest in Magnite has recently decreased by 1.98%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldMagnite does not currently pay a dividend.Dividend GrowthMagnite does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MGNI. Previous Next 3.1 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Magnite this week, compared to 3 articles on an average week.Search Interest23 people have searched for MGNI on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat Follows9 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magnite insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $840,750.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Magnite is held by insiders.Percentage Held by Institutions73.40% of the stock of Magnite is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -8.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Magnite is -8.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioMagnite has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’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.Protect your retirement savings from the inevitable devaluation of the dollar… 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.Read More MGNI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGNI Stock News HeadlinesMarch 19, 2024 | insidertrades.comMichael G. Barrett Sells 75,000 Shares of Magnite, Inc. (NASDAQ:MGNI) StockMarch 26, 2024 | americanbankingnews.comMagnite's (MGNI) "Buy" Rating Reiterated at BenchmarkMarch 28, 2024 | Gold Safe Exchange (Ad)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.March 22, 2024 | americanbankingnews.comMagnite's (MGNI) "Buy" Rating Reaffirmed at Needham & Company LLCMarch 22, 2024 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) Given Average Rating of "Moderate Buy" by AnalystsMarch 21, 2024 | markets.businessinsider.comMagnite’s Strategic Advantage and Revenue Prospects Bolster Buy RatingMarch 21, 2024 | markets.businessinsider.comAnalyst Scoreboard: 10 Ratings For MagniteMarch 20, 2024 | markets.businessinsider.comAnalysts Offer Insights on Communication Services Companies: Stagwell (STGW) and Magnite (MGNI)March 28, 2024 | Gold Safe Exchange (Ad)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.March 19, 2024 | msn.com7 Little-Known Growth Stocks With Multibagger UpsideMarch 19, 2024 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) CEO Michael G. Barrett Sells 75,000 Shares of StockMarch 17, 2024 | investing.comMagnite chief product officer sells over $195k in company stockMarch 16, 2024 | finance.yahoo.comMGNI Apr 2024 7.500 callMarch 15, 2024 | finance.yahoo.comInsider Sell: Chief Product Officer Adam Soroca Sells 17,245 Shares of Magnite Inc (MGNI)March 14, 2024 | globenewswire.comMediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TVMarch 12, 2024 | finance.yahoo.comShareholders in Magnite (NASDAQ:MGNI) have lost 75%, as stock drops 3.7% this past weekMarch 8, 2024 | seekingalpha.comMagnite: Cash Flows Now MatterMarch 6, 2024 | markets.businessinsider.comBuy Rating Affirmed for Magnite on Strong CTV Growth and Financial OutlookMarch 5, 2024 | finance.yahoo.comMagnite, Inc. (NASDAQ:MGNI) Q4 2023 Earnings Call TranscriptMarch 4, 2024 | msn.com'I Think You've Got An Interesting Stock Here': Cramer On This Advertising CompanyMarch 4, 2024 | fool.com3 Top Bargain Stocks Ready for a Bull RunMarch 1, 2024 | seekingalpha.comMagnite, Inc. (MGNI) Q4 2023 Earnings Call TranscriptFebruary 29, 2024 | finanznachrichten.deMagnite, Inc.: Magnite Reports Fourth Quarter and Full-Year 2023 ResultsFebruary 29, 2024 | markets.businessinsider.comHold Rating on Magnite Amidst Strong Q4 Performance and Cautious Market OutlookFebruary 29, 2024 | markets.businessinsider.comCritical Insights From Magnite Analyst Ratings: What You Need To KnowFebruary 29, 2024 | fool.comMagnite (MGNI) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | msn.comMagnite Non-GAAP EPS of $0.29 beats by $0.01, revenue of $186.9M beats by $26.54MSee More Headlines Receive MGNI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magnite and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/28/2024Today3/27/2024Next Earnings (Estimated)5/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer programming, data processing, & other computer related Sub-IndustryN/A Current SymbolNASDAQ:MGNI CUSIPN/A CIK1595974 Webwww.magnite.com Phone(212) 243-2769Fax310-207-0528Employees911Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($1.24) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-159,180,000.00 Net Margins-25.69% Pretax Margin-25.42% Return on Equity2.52% Return on Assets0.69% Debt Debt-to-Equity Ratio0.76 Current Ratio1.09 Quick Ratio1.09 Sales & Book Value Annual Sales$619.71 million Price / Sales2.27 Cash Flow$0.64 per share Price / Cash Flow16.23 Book Value$5.09 per share Price / Book2.04Miscellaneous Outstanding Shares135,570,000Free Float129,745,000Market Cap$1.41 billion OptionableOptionable Beta2.27 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Michael G. Barrett (Age 62)President, CEO & Director Comp: $1.17MMr. David L. Day (Age 63)Chief Financial Officer Comp: $886.26kMs. Katie Evans (Age 38)Chief Operating Officer Comp: $786.86kMr. Adam Lee Soroca (Age 51)Chief Product Officer Comp: $785.94kMr. Sean Patrick BuckleyChief Revenue OfficerMr. Brian Gephart (Age 44)Chief Accounting Officer Mr. David Buonasera (Age 38)Chief Technology Officer Mr. Nick KormelukVP of Investor Relations & Head of Global Real EstateMr. Aaron Saltz (Age 43)Chief Legal Officer Charlstie VeithGlobal Head of CommunicationsMore ExecutivesKey CompetitorsBumbleNASDAQ:BMBLSVMKNASDAQ:SVMKTaboola.comNASDAQ:TBLAPubMaticNASDAQ:PUBMGrindrNYSE:GRNDView All CompetitorsInsiders & InstitutionsMichael G BarrettSold 75,000 sharesTotal: $840,750.00 ($11.21/share)Vanguard Group Inc.Bought 209,771 shares on 3/11/2024Ownership: 9.041%Wellington Management Group LLPBought 52,129 shares on 3/5/2024Ownership: 2.101%Greenwood Capital Associates LLCSold 1,122 shares on 3/5/2024Ownership: 0.047%Twin Focus Capital Partners LLCBought 15,267 shares on 3/5/2024Ownership: 0.011%View All Insider TransactionsView All Institutional Transactions 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 ETFs hold Magnite's stock? ETFs with the largest weight of Magnite (NASDAQ:MGNI) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD), AOT Growth & Innovation ETF (AOTG), Nuveen Small Cap Select ETF (NSCS), Harbor Small Cap Explorer ETF (QWST), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), SPDR FactSet Innovative Technology ETF (XITK) and First Trust Small Cap Growth AlphaDEX Fund (FYC).Fidelity MSCI Communication Services Index ETF (FCOM). 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Magnite, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.