Top-Rated StocksTop-RatedNASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis $14.39 +0.28 (+1.98%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$14.27▼$14.5250-Day Range$11.07▼$15.8452-Week Range$6.28▼$15.92Volume1.26 million shsAverage Volume1.52 million shsMarket Capitalization$2.01 billionP/E RatioN/ADividend YieldN/APrice Target$16.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Magnite alerts: Email Address Magnite MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.1% Upside$16.13 Price TargetShort InterestBearish5.66% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.51Based on 7 Articles This WeekInsider TradingSelling Shares$3.64 M Sold Last QuarterProj. Earnings Growth39.47%From $0.38 to $0.53 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.3.67 out of 5 starsComputer And Technology Sector218th out of 612 stocksComputer Programming, Data Processing, & Other Computer Related Industry20th out of 60 stocks 3.5 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 12 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageMagnite has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Magnite's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.66% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Magnite has recently increased by 4.52%, indicating that investor sentiment is decreasing. 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 3.1 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.51. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Magnite this week, compared to 4 articles on an average week.Search Interest12 people have searched for MGNI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows10 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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 $3,636,179.00 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.Read more about Magnite's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow by 39.47% in the coming year, from $0.38 to $0.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -22.48, 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 -22.48, 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 1.00. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioMagnite has a P/B Ratio of 2.83. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.Click here to see it because it’s a SHOCKER… 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 HeadlinesJuly 18, 2024 | insidertrades.comMagnite, Inc. (NASDAQ:MGNI) CAO Brian Gephart Sells 16,166 SharesJuly 25 at 6:03 PM | benzinga.com12 Analysts Assess Magnite: What You Need To KnowJuly 26, 2024 | Behind the Markets (Ad)J.P. Morgan’s DIRE WarningWhen the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."July 25 at 9:00 AM | prnewswire.comGracenote teams with major connected TV (CTV) players to optimize contextual ad targetingJuly 20, 2024 | nz.finance.yahoo.comMagnite Inc (15R.MU)July 19, 2024 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) CRO Sells $284,301.50 in StockJuly 19, 2024 | americanbankingnews.comMichael G. Barrett Sells 100,000 Shares of Magnite, Inc. (NASDAQ:MGNI) StockJuly 18, 2024 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) CFO David Day Sells 19,077 Shares of StockJuly 26, 2024 | Behind the Markets (Ad)J.P. Morgan’s DIRE WarningWhen the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."July 17, 2024 | americanbankingnews.comBrokers Offer Predictions for Magnite, Inc.'s FY2025 Earnings (NASDAQ:MGNI)July 17, 2024 | americanbankingnews.comMagnite (NASDAQ:MGNI) Coverage Initiated by Analysts at Wolfe ResearchJuly 8, 2024 | globenewswire.comMagnite to Announce Second Quarter 2024 Financial Results on August 7, 2024July 3, 2024 | globenewswire.comCairoRCS Media Selects Magnite and its Demand Manager Wrapper Optimisation Product to Grow Programmatic RevenueJune 18, 2024 | globenewswire.comMagnite's SpringServe Powering Video Advertising for YTV in JapanJune 18, 2024 | globenewswire.comMagnite and Spectrum Reach Team Up To Enhance Access to Programmatic AdvertisingJune 17, 2024 | globenewswire.comUnited Selects Magnite's SpringServe to Power Advertising Solution for Inflight Personal Device EntertainmentJune 12, 2024 | investorplace.comThe 3 Most Undervalued Digital Advertising Stocks to Buy in June 2024June 4, 2024 | fool.comWhy Magnite Stock Jumped 40% Last MonthSee 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 Earnings5/08/2024Today7/26/2024Next Earnings (Confirmed)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer programming, data processing, & other computer related Sub-IndustryComputer Software Current SymbolNASDAQ:MGNI CUSIPN/A CIK1595974 Webwww.magnite.com Phone(212) 243-2769Fax310-207-0528Employees950Year FoundedN/APrice Target and Rating Average Stock Price Target$16.13 High Stock Price Target$21.00 Low Stock Price Target$12.00 Potential Upside/Downside+12.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)($0.64) Trailing P/E RatioN/A Forward P/E Ratio37.87 P/E Growth1Net Income$-159,180,000.00 Net Margins-12.24% Pretax Margin-13.16% Return on Equity3.23% Return on Assets0.87% Debt Debt-to-Equity Ratio0.79 Current Ratio1.10 Quick Ratio1.10 Sales & Book Value Annual Sales$619.71 million Price / Sales3.25 Cash Flow$0.64 per share Price / Cash Flow22.38 Book Value$5.09 per share Price / Book2.83Miscellaneous Outstanding Shares140,020,000Free Float134,003,000Market Cap$2.01 billion OptionableOptionable Beta2.35 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Michael G. Barrett (Age 62)President, CEO & Director Comp: $1.15MMr. David L. Day (Age 63)Chief Financial Officer Comp: $895.94kMs. Katie Evans (Age 38)Chief Operating Officer Comp: $785.21kMr. Adam Lee Soroca (Age 51)Chief Product Officer Comp: $784.49kMr. Sean Patrick Buckley (Age 36)Chief Revenue Officer Comp: $1.06MMr. 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 CompetitorsSVMKNASDAQ:SVMKSabreNASDAQ:SABRModel NNYSE:MODNHealthStreamNASDAQ:HSTMEverQuoteNASDAQ:EVERView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 102,792 shares on 7/26/2024Ownership: 2.358%Legato Capital Management LLCBought 11,975 shares on 7/26/2024Ownership: 0.038%Verdence Capital Advisors LLCBought 2,109 shares on 7/26/2024Ownership: 0.013%Calamos Advisors LLCBought 154,132 shares on 7/25/2024Ownership: 0.110%Griffin Asset Management Inc.Sold 9,095 shares on 7/23/2024Ownership: 0.046%View All Insider TransactionsView All Institutional Transactions MGNI Stock Analysis - Frequently Asked Questions How have MGNI shares performed this year? Magnite's stock was trading at $9.34 on January 1st, 2024. Since then, MGNI shares have increased by 54.1% and is now trading at $14.39. View the best growth stocks for 2024 here. How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) released its quarterly earnings data on Wednesday, May, 8th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.05. The business earned $130.55 million during the quarter, compared to the consensus estimate of $123.77 million. Magnite had a negative net margin of 12.24% and a positive trailing twelve-month return on equity of 3.23%. Who are Magnite's major shareholders? Magnite's top institutional shareholders include Bank of New York Mellon Corp (2.36%), Harbor Capital Advisors Inc. (0.28%), Calamos Advisors LLC (0.11%) and Assenagon Asset Management S.A. (0.10%). Insiders that own company stock include Michael G Barrett, Adam Lee Soroca, David Day, Katie Seitz Evans, Sean Patrick Buckley, Joseph R Prusz, Aaron Saltz, David Buonasera, Brian Gephart, Lisa L Troe, Robert F Spillane and Rachel Lam. 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. What other stocks do shareholders of Magnite own? Based on aggregate information from My MarketBeat watchlists, some other companies that Magnite investors own include Trade Desk (TTD), Datadog (DDOG), DocuSign (DOCU), Tesla (TSLA), CrowdStrike (CRWD), Walt Disney (DIS) and Fastly (FSLY). This page (NASDAQ:MGNI) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Ru...Colonial Metals | SponsoredRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | SponsoredMust-See: Elon’s New Invention is Absolutely InsaneCould Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street vete...InvestorPlace | SponsoredElon to Transform U.S. Economy? A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” ...Porter & Company | Sponsored5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942...Traders Agency | Sponsored 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. Share Magnite With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. 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 Log In 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.
Free MGNI Stock Alerts