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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
NASDAQ:MGNI

Magnite (MGNI) Stock Price, News & Analysis

$8.46
-0.18 (-2.08%)
(As of 04/19/2024 ET)
Today's Range
$8.41
$8.85
50-Day Range
$8.46
$12.23
52-Week Range
$6.28
$15.73
Volume
1.04 million shs
Average Volume
1.13 million shs
Market Capitalization
$1.15 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.39

Magnite MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
70.1% Upside
$14.39 Price Target
Short Interest
Bearish
4.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.34mentions of Magnite in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$840,750 Sold Last Quarter
Proj. Earnings Growth
51.06%
From $0.47 to $0.71 Per Share

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.

4.31 out of 5 stars

Computer And Technology Sector

144th out of 585 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

10th out of 57 stocks

MGNI stock logo

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.

MGNI Stock Price History

MGNI Stock News Headlines

Assessing Magnite: Insights From 11 Financial Analysts
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
Analyst Scoreboard: 10 Ratings For Magnite
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
MGNI Apr 2024 7.500 call
Magnite: Cash Flows Now Matter
Critical Insights From Magnite Analyst Ratings: What You Need To Know
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:MGNI
Employees
911
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.39
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+70.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$-159,180,000.00
Pretax Margin
-25.42%

Debt

Sales & Book Value

Annual Sales
$619.71 million
Cash Flow
$0.63 per share
Book Value
$5.09 per share

Miscellaneous

Free Float
129,745,000
Market Cap
$1.15 billion
Optionable
Optionable
Beta
2.25
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MGNI Stock Analysis - Frequently Asked Questions

Should I buy or sell Magnite stock right now?

10 Wall Street research 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 research 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 analysts have issued 1-year target prices for Magnite's shares. Their MGNI share price targets range from $12.00 to $18.00. On average, they anticipate the company's share price to reach $14.39 in the next year. This suggests a possible upside of 70.1% 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 beginning of the year. Since then, MGNI shares have decreased by 9.4% and is now trading at $8.46.
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) posted its quarterly earnings results on Wednesday, February, 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.13. The business had revenue of $165.28 million for the quarter, compared to analyst estimates 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 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 many different institutional and retail investors. Top institutional investors include Woodmont Investment Counsel LLC (0.09%), Griffin Asset Management Inc. (0.05%), Moody National Bank Trust Division (0.05%), Allspring Global Investments Holdings LLC (0.02%), IMC Chicago LLC (0.00%) and Fulton Bank N.A. (0.02%). 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 4/19/2024 by MarketBeat.com Staff

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