Magnite (MGNI) Stock Price, News & Analysis

Company Overview

Magnite, Inc. is an independent sell-side advertising technology company that operates a global platform for digital media owners and app developers. Its technology helps publishers and media companies manage, package, sell and optimize advertising inventory across connected television (CTV), online video, mobile, desktop, audio and digital out-of-home channels.

Magnite’s platform connects publishers with agencies, brands and demand-side platforms, supporting automated, data-driven programmatic advertising transactions. Its solutions are designed to help media owners increase the value of their advertising inventory while giving advertisers access to audiences across premium digital and streaming content. The company also provides tools for direct and programmatic campaign management, ad serving, yield optimization and reporting.

The company was formed through the combination of The Rubicon Project and Telaria. The transaction was completed in 2020, and the combined business adopted the Magnite name. Magnite serves customers internationally, with operations and business relationships spanning major advertising markets in North America, Europe, Asia-Pacific and other regions. Michael Barrett serves as the company’s president and chief executive officer.

Key Stats

• Today's Range: $24.95 to $25.55
• 50-Day Range: $17.92 to $25.63
• 52-Week Range: $10.82 to $26.84
• Volume: 1.62 million shs
• Average Volume: 2.19 million shs
• Market Capitalization: $3.63 billion
• P/E Ratio: 23.22
• Dividend Yield: N/A
• Price Target: $29.36
• Consensus Rating: Moderate Buy

Magnite Stock Analysis - MarketRank™

Magnite scored higher than 83% of companies evaluated by MarketBeat, and ranked 83rd out of 244 stocks in the communication services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Magnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on no strong buy ratings, 10 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Magnite has a consensus price target of $29.36, representing about 16.0% upside from its current price of $25.31.

Amount of Analyst Coverage

Magnite has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 32.79%

Earnings Growth

Earnings for Magnite are expected to grow by 32.79% in the coming year, from $0.61 to $0.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Magnite is 23.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Magnite is 23.22, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 23.26.

Price to Earnings Growth Ratio

Magnite has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Magnite has a P/B Ratio of 3.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.91% of the float of Magnite has been sold short.

Short Interest Ratio / Days to Cover

Magnite has a short interest ratio ("days to cover") of 5.64.

Change versus previous month

Short interest in Magnite has recently decreased by 1.79%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Magnite does not currently pay a dividend.

Dividend Growth

Magnite does not have a long track record of dividend growth.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.26

News Sentiment

Magnite has a news sentiment score of 0.26. 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 is a lower news sentiment than the 0.53 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for Magnite this week, compared to 6 articles on an average week.

Search Interest

Only 10 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

MarketBeat Follows

7 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $17,860,513.00 in company stock.

Percentage Held by Insiders

3.20% of the stock of Magnite is held by insiders.

Percentage Held by Institutions

73.40% of the stock of Magnite is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 8/05/2026
• Today: 9/21/2026
• Next Earnings (Estimated): 11/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Communication Services
• Industry: Media
• Sub-Industry: Advertising
• Current Symbol: NASDAQ:MGNI
• Previous Symbol: NYSE:RUBI
• CIK: 1595974
• Web: www.magnite.com
• Phone: (212) 243-2769
• Fax: 310-207-0528
• Employees: 971
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Magnite: $29.36
• High Price Target: $40.00
• Low Price Target: $22.00
• Potential Upside/Downside: +16.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.09
• Trailing P/E Ratio: 23.22
• Forward P/E Ratio: 41.49
• P/E Growth: 1.1
• Net Income: $144.61 million
• Net Margins: 22.49%
• Pretax Margin: 13.25%
• Return on Equity: 9.33%
• Return on Assets: 2.77%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 1.02
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $713.95 million
• Price / Sales: 5.08
• Cash Flow: $0.91 per share
• Price / Cash Flow: 27.83
• Book Value: $6.42 per share
• Price / Book: 3.94

Miscellaneous

• Outstanding Shares: 143,420,000
• Free Float: 138,834,000
• Market Cap: $3.63 billion
• Optionable: Optionable
• Beta: 2.30