NASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis → Wall Street Legend Issues New NVDA Warning (From Chaikin Analytics) (Ad) Free mgni Stock Alerts $9.19 +0.39 (+4.43%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$8.86▼$9.3550-Day Range$8.46▼$12.2352-Week Range$6.28▼$15.73Volume1.13 million shsAverage Volume1.05 million shsMarket Capitalization$1.25 billionP/E RatioN/ADividend YieldN/APrice Target$14.39 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/Downside56.6% Upside$14.39 Price TargetShort InterestHealthy4.80% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.58Based on 4 Articles This WeekInsider TradingSelling Shares$840,750 Sold Last QuarterProj. Earnings Growth41.46%From $0.41 to $0.58 Per ShareSee 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.4.46 out of 5 starsComputer And Technology Sector116th out of 587 stocksComputer Programming, Data Processing, & Other Computer Related Industry7th out of 60 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.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 Shorted4.80% 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.Change versus previous monthShort interest in Magnite has recently decreased by 2.98%, 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 2.5 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.58. 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 higher news sentiment than the 0.38 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Magnite this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow by 41.46% in the coming year, from $0.41 to $0.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -7.41, 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 -7.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioMagnite has a PEG Ratio of 0.67. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMagnite has a P/B Ratio of 1.81. 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 Prosper Trading AcademyThis AI Trade Machine Made 1,729%* (With 89% Wins)This A.I. trading software called out an options trade the other day with a nearly perfect historical win rate… And a cumulative gain of 1729%. How does it all work?Click Here To Get Your Free Copy 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 HeadlinesApril 28, 2024 | fool.com2 Digital Ad Tech Stocks to Buy Hand Over Fist in AprilApril 28, 2024 | americanbankingnews.comMagnite (NASDAQ:MGNI) Trading Up 5.8%April 28, 2024 | Chaikin Analytics (Ad)Wall Street Legend Issues New NVDA WarningLegendary Stockpicker: "Buy this A.I. stock NOW" His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.April 21, 2024 | americanbankingnews.comMagnite (NASDAQ:MGNI) Coverage Initiated at B. RileyApril 20, 2024 | investing.comMagnite shares get buy rating from B.RileyApril 19, 2024 | markets.businessinsider.comAssessing Magnite: Insights From 11 Financial AnalystsApril 11, 2024 | businesswire.comKERV Interactive Partners with Magnite to Deliver AI-Powered Interactive Video Ads Programmatically, at ScaleApril 8, 2024 | globenewswire.comMagnite to Announce First Quarter 2024 Financial Results on May 8, 2024April 28, 2024 | Chaikin Analytics (Ad)Wall Street Legend Issues New NVDA WarningLegendary Stockpicker: "Buy this A.I. stock NOW" His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.March 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 19, 2024 | msn.com7 Little-Known Growth Stocks With Multibagger UpsideMarch 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 KnowSee 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 Earnings2/28/2024Today4/28/2024Next Earnings (Confirmed)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$14.39 High Stock Price Target$18.00 Low Stock Price Target$12.00 Potential Upside/Downside+56.6%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($1.24) Trailing P/E RatioN/A Forward P/E Ratio22.41 P/E Growth0.67Net Income$-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 / Sales2.01 Cash Flow$0.64 per share Price / Cash Flow14.41 Book Value$5.09 per share Price / Book1.81Miscellaneous Outstanding Shares135,570,000Free Float129,745,000Market Cap$1.25 billion OptionableOptionable Beta2.25 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.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 CompetitorsTaboola.comNASDAQ:TBLAModel NNYSE:MODNPubMaticNASDAQ:PUBMBumbleNASDAQ:BMBLHUYANYSE:HUYAView All CompetitorsInsiders & InstitutionsPinnacle Associates Ltd.Bought 39,826 shares on 4/26/2024Ownership: 0.029%Verdence Capital Advisors LLCBought 3,126 shares on 4/26/2024Ownership: 0.012%Valeo Financial Advisors LLCSold 2,040 shares on 4/25/2024Ownership: 0.012%Assenagon Asset Management S.A.Sold 4,671 shares on 4/24/2024Ownership: 0.017%Allspring Global Investments Holdings LLCBought 31,598 shares on 4/18/2024Ownership: 0.023%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 twelve months. 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 equities research analysts have issued twelve-month price objectives for Magnite's stock. Their MGNI share price targets range from $12.00 to $18.00. On average, they anticipate the company's stock price to reach $14.39 in the next twelve months. This suggests a possible upside of 56.6% 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 start of the year. Since then, MGNI shares have decreased by 1.6% and is now trading at $9.19. 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 can I listen to Magnite's earnings call? Magnite will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "9955946". How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) released its earnings results on Wednesday, February, 28th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.13. The business earned $165.28 million during the quarter, compared to analysts' expectations of $160.24 million. Magnite had a negative net margin of 25.69% and a positive trailing twelve-month return on equity of 2.52%. 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), Harbor Small Cap Explorer ETF (QWST), Nuveen Small Cap Select ETF (NSCS), AOT Growth & Innovation ETF (AOTG) and SPDR FactSet Innovative Technology ETF (XITK).AdvisorShares Alpha DNA Equity Sentiment ETF (SENT). What guidance has Magnite issued on next quarter's earnings? Magnite issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided 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 retail and institutional investors. Top institutional investors include Woodmont Investment Counsel LLC (0.09%), Griffin Asset Management Inc. (0.05%), Moody National Bank Trust Division (0.05%), Pinnacle Associates Ltd. (0.03%), Allspring Global Investments Holdings LLC (0.02%) and IMC Chicago LLC (0.00%). 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 4/28/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyWall Street Legend Issues New NVDA WarningChaikin AnalyticsDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe A.I. story nobody is telling you (Read ASAP)TradeSmithBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressJeff Bezos Just Humiliated Elon MuskInvestorPlace 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: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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.
