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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Germany, EU reach agreement in combustion engine row
Intel co-founder, philanthropist Gordon Moore dies at 94
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
'What can we do?': Millions in African countries need power
Judge rules online archive's book service violated copyright
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Germany, EU reach agreement in combustion engine row
Intel co-founder, philanthropist Gordon Moore dies at 94
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
'What can we do?': Millions in African countries need power
Judge rules online archive's book service violated copyright
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Germany, EU reach agreement in combustion engine row
Intel co-founder, philanthropist Gordon Moore dies at 94
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
'What can we do?': Millions in African countries need power
Judge rules online archive's book service violated copyright
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
NASDAQ:MGNI

Magnite - MGNI Stock Forecast, Price & News

$9.19
-0.02 (-0.22%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$9.04
$9.26
50-Day Range
$8.40
$13.76
52-Week Range
$5.59
$14.87
Volume
790,256 shs
Average Volume
1.83 million shs
Market Capitalization
$1.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.13

Magnite MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
53.7% Upside
$14.13 Price Target
Short Interest
Bearish
7.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of Magnite in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
100.00%
From $0.22 to $0.44 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Computer And Technology Sector

199th out of 612 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

21st out of 62 stocks


MGNI stock logo

About Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. It features applications and services for digital advertising sellers including websites, mobile applications, and other digital media properties. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in New York, NY.

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MGNI Stock News Headlines

Magnite's (MGNI) Buy Rating Reaffirmed at Needham & Company LLC
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Magnite (MGNI) to Serve SmartNews as Supply Side Platform
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
See More Headlines
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MGNI Company Calendar

Last Earnings
2/22/2023
Today
3/25/2023
Next Earnings (Estimated)
5/03/2023
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
876
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.13
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+53.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$-130,320,000.00
Pretax Margin
-23.50%

Debt

Sales & Book Value

Annual Sales
$577.07 million
Cash Flow
$1.98 per share
Book Value
$5.93 per share

Miscellaneous

Free Float
130,465,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
2.16

Key Executives

  • Michael G. BarrettMichael G. Barrett
    President, Chief Executive Officer & Director
  • Katie Evans
    Chief Operating Officer
  • David Lavelle Day
    Chief Financial Officer
  • David Buonasera
    Chief Technology Officer
  • Erik Michael Hovanec
    Chief Strategy 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 twelve months. There are currently 1 hold rating and 6 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 equities research analysts have issued 12 month target prices for Magnite's stock. Their MGNI share price forecasts range from $11.00 to $16.00. On average, they expect the company's stock price to reach $14.13 in the next year. This suggests a possible upside of 53.7% 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 at the beginning of 2023. Since then, MGNI stock has decreased by 13.2% and is now trading at $9.19.
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, May 3rd 2023.
View our MGNI earnings forecast
.

How were Magnite's earnings last quarter?

Magnite, Inc. (NASDAQ:MGNI) released its quarterly earnings data on Wednesday, February, 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.08. The business earned $175.40 million during the quarter, compared to the consensus estimate of $154 million. Magnite had a positive trailing twelve-month return on equity of 4.55% and a negative net margin of 22.58%.

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

Magnite issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $109.00 million-$113.00 million, compared to the consensus revenue estimate of $111.87 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 many different retail and institutional investors. Top institutional shareholders include Granahan Investment Management LLC (7.84%), Parallax Volatility Advisers L.P. (0.00%), Geode Capital Management LLC (1.77%), Dimensional Fund Advisors LP (1.36%), Victory Capital Management Inc. (0.94%) and Victory Capital Management Inc. (0.93%). 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 $9.19.

How much money does Magnite make?

Magnite (NASDAQ:MGNI) has a market capitalization of $1.24 billion and generates $577.07 million in revenue each year. The company earns $-130,320,000.00 in net income (profit) each year or ($0.98) 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 (212) 243-2769, via email at investor@rubiconproject.com, or via fax at 310-207-0528.

This page (NASDAQ:MGNI) was last updated on 3/26/2023 by MarketBeat.com Staff