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NASDAQ:MGNI

Magnite (MGNI) Stock Price, News & Analysis

Magnite logo
$11.40 -0.01 (-0.09%)
Closing price 04/1/2025 04:00 PM Eastern
Extended Trading
$11.77 +0.37 (+3.24%)
As of 04:05 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Magnite Stock (NASDAQ:MGNI)

Key Stats

Today's Range
$11.15
$11.48
50-Day Range
$11.40
$21.17
52-Week Range
$8.38
$21.29
Volume
2.24 million shs
Average Volume
1.99 million shs
Market Capitalization
$1.63 billion
P/E Ratio
190.00
Dividend Yield
N/A
Price Target
$19.27
Consensus Rating
Moderate Buy

Company Overview

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.

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Magnite Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
80th Percentile Overall Score

MGNI MarketRank™: 

Magnite scored higher than 80% of companies evaluated by MarketBeat, and ranked 207th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Magnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Magnite has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Magnite's stock forecast and price target.
  • Earnings Growth

    Earnings for Magnite are expected to grow by 51.52% in the coming year, from $0.33 to $0.50 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magnite is 190.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magnite is 190.00, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.66.

  • Price to Earnings Growth Ratio

    Magnite has a PEG Ratio of 1.00. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    Magnite has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Magnite's valuation and earnings.
  • Percentage of Shares Shorted

    9.04% 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.
  • Change versus previous month

    Short interest in Magnite has recently increased by 10.44%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Magnite does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    9.04% 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.
  • Change versus previous month

    Short interest in Magnite has recently increased by 10.44%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Magnite has a news sentiment score of 1.00. 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 0.75 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Magnite this week, compared to 7 articles on an average week.
  • Search Interest

    Only 6 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -74% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • 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 $4,945,720.00 in company stock.

  • Percentage Held by Insiders

    Only 4.30% 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.

  • Read more about Magnite's insider trading history.
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MGNI Stock News Headlines

Trump Treasure April 19
Thanks to President Trump… A $900 investment across5 specific cryptos… Could gain 12,000% so quickly that, just 12 months later…
Magnite Becomes Oversold (MGNI)
Magnite management to meet with B. Riley
See More Headlines

MGNI Stock Analysis - Frequently Asked Questions

Magnite's stock was trading at $15.92 at the beginning of 2025. Since then, MGNI shares have decreased by 28.4% and is now trading at $11.40.
View the best growth stocks for 2025 here
.

Magnite, Inc. (NASDAQ:MGNI) posted its earnings results on Wednesday, February, 26th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by $0.14. The company earned $180.20 million during the quarter, compared to the consensus estimate of $183.90 million. Magnite had a net margin of 2.62% and a trailing twelve-month return on equity of 4.64%.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magnite investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), PayPal (PYPL), CrowdStrike (CRWD) and Netflix (NFLX).

Company Calendar

Last Earnings
2/26/2025
Today
4/01/2025
Next Earnings (Estimated)
5/06/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Computer programming, data processing, & other computer related
Sub-Industry
Computer Software
Current Symbol
NASDAQ:MGNI
Employees
950
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.27
High Stock Price Target
$25.00
Low Stock Price Target
$14.50
Potential Upside/Downside
+69.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
13 Analysts

Profitability

Trailing P/E Ratio
190.00
Forward P/E Ratio
34.55
P/E Growth
1
Net Income
$-159,180,000.00
Pretax Margin
2.63%

Debt

Sales & Book Value

Annual Sales
$668.17 million
Cash Flow
$0.40 per share
Price / Cash Flow
28.63
Book Value
$5.09 per share
Price / Book
2.24

Miscellaneous

Free Float
134,640,000
Market Cap
$1.63 billion
Optionable
Optionable
Beta
2.79

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This page (NASDAQ:MGNI) was last updated on 4/2/2025 by MarketBeat.com Staff
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