Benchmark Cuts Magnite (NASDAQ:MGNI) Price Target to $30.00

Magnite (NASDAQ:MGNI) had its price objective lowered by Benchmark from $31.00 to $30.00 in a report published on Thursday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Several other research firms also recently weighed in on MGNI. Weiss Ratings reissued a “hold (c)” rating on shares of Magnite in a research note on Thursday, January 22nd. Wells Fargo & Company lowered their target price on Magnite from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Wall Street Zen lowered Magnite from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $39.00 price target on shares of Magnite in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Magnite presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.10.

Magnite Trading Up 1.0%

Shares of MGNI opened at $13.62 on Thursday. Magnite has a fifty-two week low of $8.22 and a fifty-two week high of $26.65. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.74 and a beta of 2.39. The firm has a 50 day moving average price of $14.25 and a 200-day moving average price of $17.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.01.

Insider Activity

In other Magnite news, insider Adam Lee Soroca sold 21,529 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $12.00, for a total value of $258,348.00. Following the completion of the sale, the insider owned 388,425 shares in the company, valued at approximately $4,661,100. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Magnite

Several hedge funds have recently made changes to their positions in the business. Neo Ivy Capital Management bought a new position in shares of Magnite during the third quarter valued at approximately $27,000. US Bancorp DE boosted its holdings in Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after acquiring an additional 688 shares in the last quarter. State of Wyoming purchased a new position in Magnite during the 3rd quarter valued at $39,000. CWM LLC raised its holdings in Magnite by 133.6% in the 2nd quarter. CWM LLC now owns 1,775 shares of the company’s stock worth $43,000 after purchasing an additional 1,015 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Magnite in the 3rd quarter worth $40,000. 73.40% of the stock is owned by hedge funds and other institutional investors.

Magnite News Roundup

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Management emphasized strong CTV growth and strategic shifts on the Q4 earnings call, which investors view as a structural tailwind for ad-platform monetization. Earnings Highlights
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $39 price target (very large implied upside), signaling continued conviction from some buy‑side analysts. Rosenblatt Note
• Positive Sentiment: Benchmark trimmed its target modestly to $30 but kept a “buy” rating, leaving a sizable upside case relative to the current price. Benchmark Note
• Neutral Sentiment: The full Q4 earnings transcript and the investor presentation are available for deeper read‑throughs of product commentary, sales cadence, and margin details. These materials will matter for forward modeling but are informational rather than market-moving by themselves. Earnings Transcript Presentation
• Negative Sentiment: Magnite missed Q4 revenue estimates, raising near-term growth concerns and pressuring valuation assumptions. Revenue Miss
• Negative Sentiment: Management reduced guidance: Q1 revenue set at $157.0M–$161.0M (vs. $163.8M consensus) and FY revenue guided to $743.3M (below the $759.5M consensus), signaling a more cautious near‑term outlook. Guidance Update
• Negative Sentiment: Wells Fargo cut its price target sharply to $13 and moved to “equal weight” (essentially neutral-to-slightly-negative), removing upside from one notable sell‑side voice. Wells Fargo Cut
• Negative Sentiment: Magnite disclosed a high‑stakes legal dispute with Google that the company says could materially affect revenue and reputation — a downside risk that could pressure multiple and bookings if outcomes are adverse. Legal Risk

Magnite Company Profile

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).