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S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
NASDAQ:MGNI

Magnite - MGNI Stock Forecast, Price & News

$11.87
+0.76 (+6.84%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.05
$12.01
50-Day Range
$5.78
$11.60
52-Week Range
$5.59
$19.14
Volume
3.22 million shs
Average Volume
2.02 million shs
Market Capitalization
$1.58 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.25

Magnite MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.1% Upside
$14.25 Price Target
Short Interest
Bearish
8.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$868,500 Sold Last Quarter
Proj. Earnings Growth
32.26%
From $0.31 to $0.41 Per Share

Overall MarketRank

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

1.91 out of 5 stars

Computer And Technology Sector

321st out of 635 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

35th out of 65 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.

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MGNI Stock News Headlines

Magnite Third Quarter 2022 Earnings: Beats Expectations
Why Magnite Stock Skyrocketed Today
Magnite, Inc (MGNI) Q3 2022 Earnings Call Transcript
Magnite Reports Third Quarter 2022 Results
Better Adtech Stock: PubMatic vs. Magnite
Magnite Inc MGNI Stock Quote
Better Growth Stock: The Trade Desk vs. Magnite
See More Headlines
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MGNI Company Calendar

Last Earnings
11/03/2021
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:MGNI
Employees
876
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.25
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+20.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$70,000.00
Pretax Margin
-17.56%

Debt

Sales & Book Value

Annual Sales
$468.41 million
Cash Flow
$1.91 per share
Book Value
$6.08 per share

Miscellaneous

Free Float
128,850,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.99

Key Executives

  • Mr. Michael G. BarrettMr. Michael G. Barrett (Age 60)
    Pres, CEO & Director
    Comp: $1.32M
  • Mr. David L. DayMr. David L. Day (Age 61)
    Chief Financial Officer
    Comp: $867.01k
  • Ms. Katie Evans (Age 36)
    Chief Operating Officer
    Comp: $800.86k
  • Mr. Sean Patrick Buckley
    Chief Revenue Officer
  • Mr. Brian Gephart (Age 42)
    Chief Accounting Officer
  • Mr. Nick Kormeluk
    VP of Investor Relations & Head of Global Real Estate
  • Mr. Aaron  SaltzMr. Aaron Saltz (Age 41)
    Gen. Counsel & Corp. Sec.
  • Charlstie Veith
    Global Head of Communications
  • Mr. David Hertog (Age 46)
    Chief Marketing Officer
  • Ms. Shawna  Hughes CPAMs. Shawna Hughes CPA (Age 44)
    Chief People Officer













MGNI Stock - Frequently Asked Questions

Should I buy or sell Magnite stock right now?

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

What is Magnite's stock price forecast for 2023?

7 Wall Street analysts have issued twelve-month price objectives for Magnite's stock. Their MGNI share price forecasts range from $9.00 to $25.00. On average, they predict the company's stock price to reach $14.25 in the next year. This suggests a possible upside of 20.1% 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 2022?

Magnite's stock was trading at $17.50 at the beginning of the year. Since then, MGNI shares have decreased by 32.2% and is now trading at $11.87.
View the best growth stocks for 2022 here
.

When is Magnite's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MGNI earnings forecast
.

How were Magnite's earnings last quarter?

Magnite, Inc. (NASDAQ:MGNI) announced its earnings results on Wednesday, November, 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $131.87 million for the quarter, compared to the consensus estimate of $114 million. Magnite had a positive trailing twelve-month return on equity of 5.15% and a negative net margin of 16.61%. During the same quarter in the previous year, the firm earned ($0.01) earnings per share.

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

Magnite issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $151.00 million-$157.00 million, compared to the consensus revenue estimate of $152.67 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 number of institutional and retail investors. Top institutional shareholders include Nuveen Asset Management LLC (12.84%), Vanguard Group Inc. (9.06%), Edenbrook Capital LLC (4.36%), Parallax Volatility Advisers L.P. (0.00%), Parallax Volatility Advisers L.P. (0.00%) and Dimensional Fund Advisors LP (1.05%). Insiders that own company stock include Aaron Saltz, Adam Lee Soroca, 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, 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 $11.87.

How much money does Magnite make?

Magnite (NASDAQ:MGNI) has a market capitalization of $1.58 billion and generates $468.41 million in revenue each year. The company earns $70,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis.

How many employees does Magnite have?

The company employs 876 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 (310) 207-0272, via email at investor@rubiconproject.com, or via fax at 310-207-0528.

This page (NASDAQ:MGNI) was last updated on 12/2/2022 by MarketBeat.com Staff