NASDAQ:MGNI Magnite - MGNI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $9.39 -0.09 (-0.95%) (As of 03/22/2023 11:49 AM ET) Add Compare Share Share Today's Range$9.36▼$9.5350-Day Range$8.40▼$13.7652-Week Range$5.59▼$14.87Volume168,841 shsAverage Volume1.86 million shsMarket Capitalization$1.27 billionP/E RatioN/ADividend YieldN/APrice Target$14.13 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Magnite MarketRank™ ForecastAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside49.6% Upside$14.13 Price TargetShort InterestBearish7.66% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.19Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth100.00%From $0.22 to $0.44 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsComputer And Technology Sector217th out of 601 stocksComputer Programming, Data Processing, & Other Computer Related Industry21st out of 62 stocks 4.4 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.13, Magnite has a forecasted upside of 49.6% from its current price of $9.44.Amount of Analyst CoverageMagnite has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.66% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Magnite has recently increased by 14.62%, indicating that investor sentiment is decreasing significantly. 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 1.8 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.19. 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 is a lower news sentiment than the 0.37 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Magnite this week, compared to 3 articles on an average week.Search InterestOnly 24 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magnite insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Magnite is held by insiders.Percentage Held by Institutions77.37% of the stock of Magnite is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow by 100.00% in the coming year, from $0.22 to $0.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -9.63, 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 -9.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioMagnite has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Magnite (NASDAQ:MGNI) StockMagnite, 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.Read More 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 MGNI Stock News HeadlinesMarch 21, 2023 | finance.yahoo.comMagnite Research Reveals Streaming TV Is Most-watched Form of TV Across the EU5March 16, 2023 | americanbankingnews.comBrokerages Set Magnite, Inc. (NASDAQ:MGNI) Price Target at $14.13March 22, 2023 | Investing Daily (Ad)27 U.S. Cities Where Stocks Yield 26% a YearWhat’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. March 16, 2023 | finanznachrichten.deMagnite, Inc.: QYOU Media India Selects SpringServe as Its Primary Ad ServerMarch 15, 2023 | finance.yahoo.comQYOU Media India Selects SpringServe as Its Primary Ad ServerMarch 10, 2023 | finance.yahoo.comSpringServe joins the Amazon Publisher Services Streaming TV Ad Server Certification ProgramMarch 1, 2023 | finance.yahoo.comMagnite Appoints David Buonasera to Chief Technology OfficerFebruary 22, 2023 | finance.yahoo.comMagnite Reports Record Fourth Quarter and Full-Year 2022 ResultsMarch 22, 2023 | Investing Daily (Ad)27 U.S. Cities Where Stocks Yield 26% a YearWhat’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. February 17, 2023 | finance.yahoo.comWith 67% ownership in Magnite, Inc. (NASDAQ:MGNI), institutional investors have a lot riding on the businessFebruary 16, 2023 | finance.yahoo.comRakuten Advertising Adopts SpringServe Tiles to Strengthen Impact of Ad-Supported Campaigns on Rakuten TVFebruary 14, 2023 | finance.yahoo.comTMB (Trusted Media Brands) Leverages Magnite SSP and SpringServe Ad Server to Streamline Omnichannel Programmatic EfficiencyFebruary 7, 2023 | finance.yahoo.comMagnite Announces Next Generation CTV and OTT Monetization Platform: Magnite StreamingJanuary 19, 2023 | finance.yahoo.comMagnite to Announce Fourth Quarter 2022 Financial Results on February 22, 2023January 5, 2023 | finance.yahoo.comCriteo Announces Preferred Relationship with Magnite to Extend Retailer Audiences into CTVJanuary 3, 2023 | finance.yahoo.comMagnite to Participate in the Needham Annual Growth ConferenceDecember 15, 2022 | finance.yahoo.comMagnite (MGNI) to Serve SmartNews as Supply Side PlatformDecember 14, 2022 | finance.yahoo.comSmartNews Selects Magnite as Preferred SSP in the US and Implements Demand Manager MobileNovember 22, 2022 | finance.yahoo.comAds on Streaming Platforms Capture More Attention Than Ads on Social Media in India, According to New Magnite ResearchNovember 15, 2022 | finance.yahoo.comMagnite (MGNI) Expands Its Existing Deal With Horizon MediaNovember 11, 2022 | finance.yahoo.comMagnite Third Quarter 2022 Earnings: Beats ExpectationsNovember 11, 2022 | finance.yahoo.comAn Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 31% UndervaluedNovember 10, 2022 | finance.yahoo.comWhy Magnite Stock Skyrocketed TodayNovember 9, 2022 | finance.yahoo.comMagnite, Inc (MGNI) Q3 2022 Earnings Call TranscriptNovember 9, 2022 | finance.yahoo.comMagnite Reports Third Quarter 2022 ResultsNovember 3, 2022 | finance.yahoo.comrlaxx TV Brings On Magnite’s SSP to Support Ad Strategy Across EuropeOctober 25, 2022 | finance.yahoo.comMagnite Reports Growth in Asia, Driven by Increasing OTT Viewership and Strong Omnichannel DemandSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 MGNI Company Calendar Last Earnings2/22/2023Today3/22/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MGNI CUSIPN/A CIK1595974 Webwww.magnite.com Phone(212) 243-2769Fax310-207-0528Employees876Year FoundedN/APrice Target and Rating Average Stock Price Forecast$14.13 High Stock Price Forecast$16.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+49.0%Consensus RatingModerate Buy Rating Score (0-4)2.86 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.98) Trailing P/E RatioN/A Forward P/E Ratio43.09 P/E GrowthN/ANet Income$-130,320,000.00 Net Margins-22.58% Pretax Margin-23.50% Return on Equity4.55% Return on Assets1.43% Debt Debt-to-Equity Ratio0.91 Current Ratio1.18 Quick Ratio1.18 Sales & Book Value Annual Sales$577.07 million Price / Sales2.22 Cash Flow$2.07 per share Price / Cash Flow4.59 Book Value$5.93 per share Price / Book1.60Miscellaneous Outstanding Shares135,060,000Free Float130,465,000Market Cap$1.28 billion OptionableOptionable Beta2.16 Key ExecutivesMichael G. BarrettPresident, Chief Executive Officer & DirectorKatie EvansChief Operating OfficerDavid Lavelle DayChief Financial OfficerDavid BuonaseraChief Technology OfficerErik Michael HovanecChief Strategy OfficerKey CompetitorsModel NNYSE:MODNSabreNASDAQ:SABRHUYANYSE:HUYAMomentive GlobalNASDAQ:MNTVEventbriteNYSE:EBView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Sold 2,760 shares on 3/15/2023Ownership: 0.014%Victory Capital Management Inc.Bought 1,244,166 shares on 3/10/2023Ownership: 0.931%Voya Investment Management LLCSold 230,304 shares on 2/28/2023Ownership: 0.037%Parallax Volatility Advisers L.P.Bought 903,500 shares on 2/27/2023Ownership: 0.000%B. Riley Wealth Advisors Inc.Sold 2,760 shares on 2/21/2023Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions MGNI Stock - Frequently Asked Questions Should I buy or sell Magnite stock right now? 7 Wall Street equities research 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 equities research 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 brokerages 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 predict the company's share price to reach $14.13 in the next twelve months. This suggests a possible upside of 49.0% 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 the year. Since then, MGNI stock has decreased by 10.5% and is now trading at $9.48. 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) issued its earnings results on Wednesday, February, 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.08. The firm earned $175.40 million during the quarter, compared to analyst estimates 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 ETFs hold Magnite's stock? ETFs with the largest weight of Magnite (NASDAQ:MGNI) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD), AOT Growth & Innovation ETF (AOTG), Invesco Dynamic Software ETF (PSJ), Nuveen Small Cap Select ETF (NSCS), Vanguard U.S. Value Factor (VFVA), Fidelity Growth Opportunities ETF (FGRO), Fidelity MSCI Communication Services Index ETF (FCOM) and Vanguard Communication Services ETF (VOX). What guidance has Magnite issued on next quarter's earnings? Magnite updated its first quarter 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) 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 a variety of retail and institutional investors. Top institutional investors 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 $9.48. How much money does Magnite make? Magnite (NASDAQ:MGNI) has a market capitalization of $1.28 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 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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