Positive News SentimentPositive News Magnite Stock Price, News & Analysis (NASDAQ:MGNI) $8.54 +0.15 (+1.79%) (As of 02:55 PM ET) Add Compare Share Share Today's Range$8.35▼$8.6250-Day Range$6.51▼$8.3952-Week Range$6.28▼$15.73Volume552,094 shsAverage Volume1.53 million shsMarket Capitalization$1.18 billionP/E RatioN/ADividend YieldN/APrice Target$13.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Magnite MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside62.5% Upside$13.88 Price TargetShort InterestBearish6.35% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.54Based on 3 Articles This WeekInsider TradingSelling Shares$46,710 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.25) to $0.13 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.2.06 out of 5 starsComputer And Technology Sector330th out of 589 stocksComputer Programming, Data Processing, & Other Computer Related Industry30th out of 56 stocks 3.4 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.88, Magnite has a forecasted upside of 62.5% from its current price of $8.54.Amount of Analyst CoverageMagnite has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.35% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 6.7.Change versus previous monthShort interest in Magnite has recently increased by 2.41%, indicating that investor sentiment is decreasing. 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 3.6 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 1.54. 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 higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Magnite this week, compared to 3 articles on an average week.Search Interest4 people have searched for MGNI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows4 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magnite insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $46,710.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Magnite is held by insiders.Percentage Held by Institutions73.40% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow in the coming year, from ($1.25) to $0.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -5.11, 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 -5.11, 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 1.44. 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 Stock (NASDAQ:MGNI)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.Read More MGNI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGNI Stock News HeadlinesNovember 21, 2023 | marketbeat.com2 low priced AdTech stocks to ride the advertising rebound (MGNI)The growth of CTV devices and ad-supported streaming networks is a tailwind for these two SSP stocks that are priced cheap and didn't lower their guidanceNovember 29, 2023 | finance.yahoo.comMagnite Research Highlights Opportunity for Brands Amidst Growth of Ad-supported Streaming in IndonesiaDecember 4, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 27, 2023 | seekingalpha.comMagnite: Strong Cash Flows Will Matter EventuallyNovember 22, 2023 | finance.yahoo.comGreenbids Selects Magnite as First SSP to Help Reduce Carbon Impact of Digital AdvertisingNovember 18, 2023 | finance.yahoo.comInsider Sell: CEO Michael Barrett Sells 75,000 Shares of Magnite Inc (MGNI)November 13, 2023 | finance.yahoo.comMagnite Research Uncovers Ad-Supported Streaming Services Deliver Scale and Impact for Brands in Southeast AsiaNovember 12, 2023 | finance.yahoo.comMagnite, Inc. (NASDAQ:MGNI) Shares Could Be 46% Below Their Intrinsic Value EstimateDecember 4, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 10, 2023 | markets.businessinsider.comKurnos’ Buy Rating on Magnite: Undervalued Stock, Promising Future Growth, and Healthy FinancialsNovember 9, 2023 | finance.yahoo.comMagnite, Inc. (NASDAQ:MGNI) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | finance.yahoo.comMagnite (MGNI) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | finance.yahoo.comMagnite Reports Third Quarter 2023 ResultsNovember 8, 2023 | finance.yahoo.comMagnite Inc (MGNI) Posts Mixed Q3 2023 Results with Revenue Growth and Net Loss ImprovementNovember 8, 2023 | seekingalpha.comMagnite, Inc. 2023 Q3 - Results - Earnings Call PresentationNovember 7, 2023 | finance.yahoo.comMagnite (MGNI) Declined on Weakness in SpendingNovember 3, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Magnite (MGNI) and Costco (COST)November 3, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Marcus (MCS), Magnite (MGNI) and Revolve Group (RVLV)October 25, 2023 | finance.yahoo.comHere’s Why Magnite (MGNI) Declined in Q3October 18, 2023 | seekingalpha.comMagnite: Adapting To Uncertain Terrain, Why I'm NeutralOctober 17, 2023 | seekingalpha.comMagnite Is A Recovery CandidateOctober 6, 2023 | finance.yahoo.comMagnite (MGNI) Reveals ML-Powered Feature for Demand ManagerOctober 5, 2023 | finance.yahoo.comMagnite to Announce Third Quarter 2023 Financial Results on November 8, 2023October 5, 2023 | finance.yahoo.comMagnite Unveils New Demand Manager Feature Powered by Machine Learning to Help Publishers Earn Incremental RevenueOctober 4, 2023 | finance.yahoo.comInvesting in Magnite (NASDAQ:MGNI) five years ago would have delivered you a 123% gainSeptember 28, 2023 | finance.yahoo.comMagnite (MGNI) Partners With Snowflake to Boost Data SecuritySeptember 27, 2023 | finance.yahoo.comMagnite Integrates Snowflake’s Media Data Cloud to Enhance Secure Data Activation for Agencies, Advertisers and Media Owners Across Magnite’s Streaming SupplySee More Headlines 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 Company Calendar Last Earnings11/08/2023Today12/04/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/28/2024Get 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) 243-2769Fax310-207-0528Employees947Year FoundedN/APrice Target and Rating Average Stock Price Target$13.88 High Stock Price Target$16.00 Low Stock Price Target$11.00 Potential Upside/Downside+65.4%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-130,320,000.00 Net Margins-37.24% Pretax Margin-37.79% Return on Equity1.36% Return on Assets0.38% Debt Debt-to-Equity Ratio0.92 Current Ratio1.12 Quick Ratio1.12 Sales & Book Value Annual Sales$608.18 million Price / Sales1.90 Cash Flow$1.96 per share Price / Cash Flow4.27 Book Value$4.73 per share Price / Book1.77Miscellaneous Outstanding Shares137,851,000Free Float131,923,000Market Cap$1.16 billion OptionableOptionable Beta2.22 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Michael G. Barrett (Age 61)President, CEO & Director Comp: $1.17MMr. David L. Day (Age 62)Chief Financial Officer Comp: $886.26kMs. Katie Evans (Age 37)Chief Operating Officer Comp: $786.86kMr. Adam Lee Soroca (Age 50)Chief Product Officer Comp: $785.94kMr. Sean Patrick BuckleyChief Revenue OfficerMr. Brian Gephart (Age 43)Chief Accounting Officer Mr. David Buonasera (Age 37)Chief Technology Officer Mr. Nick KormelukVP of Investor Relations & Head of Global Real EstateMr. Aaron Saltz (Age 42)Chief Legal Officer Charlstie VeithGlobal Head of CommunicationsMore ExecutivesKey CompetitorsTaboola.comNASDAQ:TBLAGrindrNYSE:GRNDYalla GroupNYSE:YALAModel NNYSE:MODNHUYANYSE:HUYAView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 1,264,855 shares on 12/1/2023Ownership: 2.095%American Century Companies Inc.Bought 24,559 shares on 11/30/2023Ownership: 0.069%Deutsche Bank AGSold 19,988 shares on 11/24/2023Ownership: 0.086%Walleye Trading LLCSold 42,700 shares on 11/21/2023Ownership: 0.000%Walleye Capital LLCBought 100 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MGNI Stock Analysis - Frequently Asked Questions Should I buy or sell Magnite stock right now? 10 Wall Street 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 analysts is that investors should "moderate buy" MGNI shares. View MGNI analyst ratings or view top-rated stocks. What is Magnite's stock price target for 2024? 10 Wall Street analysts have issued 12-month price objectives for Magnite's shares. Their MGNI share price targets range from $11.00 to $16.00. On average, they anticipate the company's share price to reach $13.88 in the next year. This suggests a possible upside of 62.5% 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 shares have decreased by 19.4% and is now trading at $8.54. 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, February 28th 2024. View our MGNI earnings forecast. How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) issued its quarterly earnings data on Wednesday, November, 8th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $133.14 million for the quarter, compared to the consensus estimate of $130.30 million. Magnite had a negative net margin of 37.24% and a positive trailing twelve-month return on equity of 1.36%. 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), Nuveen Small Cap Select ETF (NSCS), Harbor Small Cap Explorer ETF (QWST), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), SPDR FactSet Innovative Technology ETF (XITK) and First Trust Small Cap Growth AlphaDEX Fund (FYC).Fidelity MSCI Communication Services Index ETF (FCOM). 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). Who are Magnite's major shareholders? Magnite's stock is owned by a number of institutional and retail investors. Top institutional investors include Rubric Capital Management LP (2.90%), Wellington Management Group LLP (2.09%), Kennedy Capital Management LLC (1.95%), Burgundy Asset Management Ltd. (1.72%), Victory Capital Management Inc. (1.49%) and Northern Trust Corp (0.98%). 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. 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