B. Riley Financial Forecasts Strong Price Appreciation for Magnite (NASDAQ:MGNI) Stock

Key Points

• B. Riley Financial raised Magnite’s price target to $27 from $20 and maintained a “buy” rating; analysts overall have a “Moderate Buy” consensus with an average target of $27.50.
• Magnite exceeded second-quarter expectations, reporting $192.8 million in revenue and $0.26 adjusted EPS, while revenue increased 11% year over year. Strong connected-TV growth helped drive a 30% increase in adjusted EBITDA.
• Management raised its 2026 outlook, forecasting 13%–14% contribution ex-TAC growth, adjusted EBITDA growth above 20%, and a margin of at least 37%; however, insiders sold roughly $8.7 million of shares during the last quarter.

Magnite (NASDAQ:MGNI - Get Free Report) had its target price raised by investment analysts at B. Riley Financial from $20.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley Financial's price target suggests a potential upside of 6.41% from the company's previous close.

A number of other equities analysts have also recently issued reports on MGNI. Rosenblatt Securities boosted their price objective on Magnite from $39.00 to $40.00 and gave the company a "buy" rating in a report on Thursday. Weiss Ratings upgraded Magnite from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 11th. Evercore reissued an "outperform" rating on shares of Magnite in a research note on Thursday. Benchmark restated a "buy" rating on shares of Magnite in a report on Thursday. Finally, Susquehanna raised their price target on shares of Magnite from $22.00 to $30.00 and gave the stock a "positive" rating 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.50.

Magnite Price Performance

Shares of MGNI stock traded up $4.70 during trading hours on Thursday, hitting $25.37. The stock had a trading volume of 2,711,929 shares, compared to its average volume of 2,513,207. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.06 and a beta of 2.26. Magnite has a one year low of $10.82 and a one year high of $26.65. The stock's 50-day moving average price is $18.28 and its two-hundred day moving average price is $14.80.

Magnite (NASDAQ:MGNI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Magnite had a net margin of 21.96% and a return on equity of 8.40%. The firm had revenue of $192.82 million for the quarter, compared to analysts' expectations of $179.15 million. During the same period in the prior year, the company earned $0.20 EPS. The business's revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Magnite will post 0.55 EPS for the current year.

Insider Transactions at Magnite

In related news, Director Douglas S. Knopper sold 37,337 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $18.10, for a total transaction of $675,799.70. Following the sale, the director owned 125,810 shares of the company's stock, valued at $2,277,161. This trade represents a 22.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael G. Barrett sold 178,596 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $16.59, for a total transaction of $2,962,907.64. Following the completion of the transaction, the chief executive officer owned 403,074 shares of the company's stock, valued at $6,686,997.66. This represents a 30.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 491,639 shares of company stock worth $8,676,734. Company insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On Magnite

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Magnite by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company's stock valued at $854,000 after purchasing an additional 3,267 shares during the last quarter. Millennium Management LLC grew its stake in Magnite by 113.7% during the 1st quarter. Millennium Management LLC now owns 434,479 shares of the company's stock worth $4,957,000 after buying an additional 231,213 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Magnite by 24.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,276 shares of the company's stock worth $83,000 after buying an additional 1,423 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Magnite by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 404,717 shares of the company's stock valued at $4,618,000 after buying an additional 36,097 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Magnite by 103.6% during the 1st quarter. Intech Investment Management LLC now owns 109,992 shares of the company's stock valued at $1,255,000 after buying an additional 55,971 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Q2 results exceeded expectations: Magnite reported $192.8 million in revenue, up 11% year over year, and non-GAAP EPS of $0.26 versus the $0.25 consensus estimate. Contribution ex-TAC rose 17% to $189.6 million, above the company’s guidance range. Magnite Reports Second Quarter 2026 Results
• Positive Sentiment: CTV growth was a major catalyst: CTV contribution ex-TAC increased 36% year over year to $97.1 million, helping adjusted EBITDA rise 30% to $70.6 million. The adjusted EBITDA margin also improved to 37% from 34% a year earlier. Magnite Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its 2026 outlook: Full-year contribution ex-TAC growth is now expected at 13%–14%, adjusted EBITDA growth is expected to exceed 20%, the margin target increased to at least 37%, and free-cash-flow growth is projected in the high-40% range. Third-quarter contribution ex-TAC guidance of $188 million–$192 million is also above the $185.2 million consensus revenue estimate cited in the reports. Magnite Raises Full-Year 2026 Outlook
• Positive Sentiment: Analysts lifted their targets: Susquehanna raised its price target from $22 to $30 and assigned a positive rating, while Rosenblatt increased its target from $39 to $40 and reiterated a buy rating. These revisions indicate greater confidence in Magnite’s earnings and CTV growth trajectory. Magnite Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings
• Neutral Sentiment: Although the results were strong, investors will continue to monitor valuation and execution because Magnite’s shares have already moved substantially above their longer-term moving averages. Magnite Q2 2026 Earnings Call Transcript

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).

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