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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
52-week Low Names To Tip The Upside Scale In Your Favor
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
KB Home Price Weakness is a Signal to Buy this Cash Machine
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Reasons This Sleeping Giant Is About To Wake Up
I Won $37 Million in the Lottery. The Money Wrecked My Relationship With My Mom and I Got Scammed By My Best Friend.
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
52-week Low Names To Tip The Upside Scale In Your Favor
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
KB Home Price Weakness is a Signal to Buy this Cash Machine
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Reasons This Sleeping Giant Is About To Wake Up
I Won $37 Million in the Lottery. The Money Wrecked My Relationship With My Mom and I Got Scammed By My Best Friend.
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
52-week Low Names To Tip The Upside Scale In Your Favor
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
KB Home Price Weakness is a Signal to Buy this Cash Machine
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Reasons This Sleeping Giant Is About To Wake Up
I Won $37 Million in the Lottery. The Money Wrecked My Relationship With My Mom and I Got Scammed By My Best Friend.
NASDAQ:MGNI

Magnite (MGNI) Stock Forecast, Price & News

$7.36
+0.02 (+0.27%)
(As of 09/22/2023 ET)
Compare
Today's Range
$7.30
$7.45
50-Day Range
$7.35
$15.28
52-Week Range
$5.59
$15.73
Volume
1.05 million shs
Average Volume
1.14 million shs
Market Capitalization
$1.01 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.75

Magnite MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
100.3% Upside
$14.75 Price Target
Short Interest
Bearish
6.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.42mentions of Magnite in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.63 M Sold Last Quarter
Proj. Earnings Growth
123.08%
From $0.13 to $0.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Computer And Technology Sector

109th out of 593 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

9th out of 59 stocks


MGNI stock logo

About Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. operates an independent 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 provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. 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 New York, New York.

MGNI Price History

MGNI Stock News Headlines

The Real Reason They Murdered JFK?
Some people believe JFK was murdered because of his executive order 11110 that would have reduced the power of the Federal Reserve. Regardless if that’s true or not… The Fed is now involved in a new controversy that could have drastic consequences for the US dollar.
Magnite To Elevate Virgin Media's Ad-Supported Streaming Services
Magnite: Competitive Positioning Is Questionable
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Analyst Ratings for Magnite
Is It Too Late to Buy Magnite Stock?
Why Magnite Shares Are Tumbling Today
Magnite Stock (NASDAQ:MGNI): A Magnet for Trouble
Why Magnite Stock Plunged Today
Magnite (MGNI) Q2 2023 Earnings Call Transcript
Magnite Reports Second Quarter 2023 Results
Craig-Hallum Reaffirms Their Buy Rating on Magnite (MGNI)
See More Headlines
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MGNI Company Calendar

Last Earnings
8/09/2023
Today
9/22/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:MGNI
Employees
947
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.75
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+100.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$-130,320,000.00
Pretax Margin
-39.11%

Debt

Sales & Book Value

Annual Sales
$577.07 million
Cash Flow
$1.90 per share
Book Value
$5.93 per share

Miscellaneous

Free Float
131,070,000
Market Cap
$1.01 billion
Optionable
Optionable
Beta
2.19
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Key Executives

  • Mr. Michael G. BarrettMr. Michael G. Barrett (Age 61)
    Pres, CEO & Director
    Comp: $1.17M
  • Mr. David L. DayMr. David L. Day (Age 62)
    Chief Financial Officer
    Comp: $886.26k
  • Ms. Katie Evans (Age 37)
    Chief Operating Officer
    Comp: $786.86k
  • Mr. Adam Lee SorocaMr. Adam Lee Soroca (Age 50)
    Chief Product Officer
    Comp: $785.94k
  • Mr. Sean Patrick Buckley
    Chief Revenue Officer
  • Mr. Brian Gephart (Age 43)
    Chief Accounting Officer
  • Mr. David Buonasera (Age 37)
    Chief Technology Officer
  • Mr. Nick Kormeluk
    VP of Investor Relations & Head of Global Real Estate
  • Mr. Aaron  SaltzMr. Aaron Saltz (Age 42)
    Chief Legal Officer
  • Charlstie Veith
    Global Head of Communications













MGNI Stock - Frequently Asked Questions

Should I buy or sell Magnite stock right now?

10 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 8 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

10 brokers have issued twelve-month target prices for Magnite's stock. Their MGNI share price forecasts range from $12.00 to $18.00. On average, they anticipate the company's stock price to reach $14.75 in the next year. This suggests a possible upside of 100.3% 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 2023?

Magnite's stock was trading at $10.59 on January 1st, 2023. Since then, MGNI stock has decreased by 30.5% and is now trading at $7.3650.
View the best growth stocks for 2023 here
.

When is Magnite's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our MGNI earnings forecast
.

How were Magnite's earnings last quarter?

Magnite, Inc. (NASDAQ:MGNI) released its quarterly earnings results on Wednesday, August, 9th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.06. The business had revenue of $134.68 million for the quarter, compared to analysts' expectations of $134.56 million. Magnite had a negative net margin of 38.65% and a positive trailing twelve-month return on equity of 2.07%.

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

Magnite updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $128.00 million-$132.00 million, compared to the consensus revenue estimate of $138.30 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).

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 retail and institutional investors. Top institutional investors include Granahan Investment Management LLC (5.51%), Dimensional Fund Advisors LP (3.64%), Parallax Volatility Advisers L.P. (0.00%), Kennedy Capital Management LLC (1.91%), Geode Capital Management LLC (1.89%) and Nuveen Asset Management LLC (1.77%). 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 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 $7.37.

How much money does Magnite make?

Magnite (NASDAQ:MGNI) has a market capitalization of $1.01 billion and generates $577.07 million in revenue each year. The company earns $-130,320,000.00 in net income (profit) each year or ($1.72) on an earnings per share basis.

How many employees does Magnite have?

The company employs 947 workers across the globe.

How can I contact Magnite?

Magnite's mailing address is 12181 BLUFF CREEK DRIVE 4TH FLOOR, LOS ANGELES CA, 90094. The official website for the company is www.magnite.com. The company can be reached via phone at (212) 243-2769, via email at investor@rubiconproject.com, or via fax at 310-207-0528.

This page (NASDAQ:MGNI) was last updated on 9/23/2023 by MarketBeat.com Staff

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