NASDAQ:MGNI

Magnite Stock Forecast, Price & News

$29.49
-2.14 (-6.77 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$29.15
$31.61
50-Day Range
$24.53
$41.98
52-Week Range
$5.57
$64.39
Volume4.51 million shs
Average Volume3.89 million shs
Market Capitalization$3.80 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.38
30 days | 90 days | 365 days | Advanced Chart
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Magnite logo

About Magnite

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's advertising platform enables publishers to monetize various screens and formats, including CTV, desktop display, video, audio, and mobile, as well as allows agencies and brands to access brand-safe ad inventory and execute advertising transactions. It markets its technology solutions to buyers and sellers through a 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 Los Angeles, California.

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MarketRank

Overall MarketRank

2.31 out of 5 stars

Computer And Technology Sector

36th out of 1,586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

2nd out of 84 stocks

Analyst Opinion: 4.4Community Rank: 3.6Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Magnite (NASDAQ:MGNI) Frequently Asked Questions

Is Magnite a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnite in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Magnite stock.
View analyst ratings for Magnite
or view top-rated stocks.

What stocks does MarketBeat like better than Magnite?

Wall Street analysts have given Magnite a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Magnite wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Magnite's next earnings date?

Magnite is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for Magnite
.

How were Magnite's earnings last quarter?

Magnite, Inc. (NASDAQ:MGNI) released its quarterly earnings results on Monday, May, 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.08. The business earned $60.70 million during the quarter, compared to analyst estimates of $60.22 million. Magnite had a negative net margin of 23.02% and a negative trailing twelve-month return on equity of 1.56%. Magnite's quarterly revenue was up 67.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share.
View Magnite's earnings history
.

What guidance has Magnite issued on next quarter's earnings?

Magnite updated its second quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $92 million-96 million, compared to the consensus revenue estimate of $63.52 million.

What price target have analysts set for MGNI?

9 brokerages have issued 1 year price targets for Magnite's shares. Their forecasts range from $13.00 to $70.00. On average, they anticipate Magnite's share price to reach $41.00 in the next year. This suggests a possible upside of 39.0% from the stock's current price.
View analysts' price targets for Magnite
or view top-rated stocks among Wall Street analysts.

Who are Magnite's key executives?

Magnite's management team includes the following people:
  • Mr. Michael G. Barrett, Pres, CEO & Director (Age 59, Pay $943.6k)
  • Mr. David L. Day, Chief Financial Officer (Age 60, Pay $694.01k)
  • Ms. Katie Evans, Chief Operating Officer (Age 35, Pay $638.52k)
  • Mr. Thomas Kershaw, Chief Technology Officer (Age 53, Pay $787.51k)
  • Mr. Adam Lee Soroca, Head of Global Buyer Team (Age 48, Pay $594.39k)
  • Ms. Shawna Hughes CPA, Chief Accounting Officer & Chief People Officer (Age 43)
  • Mr. Nick Kormeluk, VP of Investor Relations & Head of Global Real Estate
  • Mr. Aaron Saltz, Gen. Counsel & Corp. Sec. (Age 40)
  • Charlstie Veith, Global Head of Communications
  • Mr. David Hertog, Chief Marketing Officer (Age 45)

Who are some of Magnite's key competitors?

What other stocks do shareholders of Magnite own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnite investors own include The Trade Desk (TTD), Datadog (DDOG), DocuSign (DOCU), Tesla (TSLA), CrowdStrike (CRWD), The Walt Disney (DIS), Fastly (FSLY), Fiverr International (FVRR), QUALCOMM (QCOM) and Roku (ROKU).

What is Magnite's stock symbol?

Magnite trades on the NASDAQ under the ticker symbol "MGNI."

Who are Magnite's major shareholders?

Magnite's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.51%), Nuveen Asset Management LLC (5.49%), Allianz Asset Management GmbH (6.04%), Renaissance Technologies LLC (1.75%), Geode Capital Management LLC (1.65%) and Northern Trust Corp (1.10%). Company insiders that own Magnite stock include Aaron Saltz, Adam Lee Soroca, David Day, Joseph R Prusz, Katie Seitz Evans, Lisa L Troe, Michael G Barrett, Paul Caine, Rachel Lam, Shawna Hughes and Thomas Kershaw.
View institutional ownership trends for Magnite
.

Which major investors are selling Magnite stock?

MGNI stock was sold by a variety of institutional investors in the last quarter, including Nine Ten Capital Management LLC, Royce & Associates LP, Russell Investments Group Ltd., Millennium Management LLC, Ashford Capital Management Inc., Credit Suisse AG, Cannell Capital LLC, and UBS Asset Management Americas Inc.. Company insiders that have sold Magnite company stock in the last year include Aaron Saltz, Adam Lee Soroca, David Day, Joseph R Prusz, Katie Seitz Evans, Lisa L Troe, Michael G Barrett, Paul Caine, Rachel Lam, Shawna Hughes, and Thomas Kershaw.
View insider buying and selling activity for Magnite
or view top insider-selling stocks.

Which major investors are buying Magnite stock?

MGNI stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Allianz Asset Management GmbH, Renaissance Technologies LLC, BlackRock Inc., Lisanti Capital Growth LLC, Pier Capital LLC, Castleark Management LLC, and JPMorgan Chase & Co..
View insider buying and selling activity for Magnite
or or view top insider-buying stocks.

How do I buy shares of Magnite?

Shares of MGNI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magnite's stock price today?

One share of MGNI stock can currently be purchased for approximately $29.49.

How much money does Magnite make?

Magnite has a market capitalization of $3.80 billion and generates $221.63 million in revenue each year. The company earns $-53,430,000.00 in net income (profit) each year or ($0.10) on an earnings per share basis.

How many employees does Magnite have?

Magnite employs 569 workers across the globe.

What is Magnite's official website?

The official website for Magnite is www.magnite.com.

Where are Magnite's headquarters?

Magnite is headquartered at 12181 BLUFF CREEK DRIVE 4TH FLOOR, LOS ANGELES CA, 90094.

How can I contact Magnite?

Magnite's mailing address is 12181 BLUFF CREEK DRIVE 4TH FLOOR, LOS ANGELES CA, 90094. The company can be reached via phone at (310) 207-0272 or via email at [email protected]


This page was last updated on 6/19/2021 by MarketBeat.com Staff
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