Magnite - MGNI Stock Forecast, Price & News

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our MGNI earnings forecast.

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%.

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).

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.

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).

Magnite trades on the NASDAQ under the ticker symbol "MGNI."

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.

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.

One share of MGNI stock can currently be purchased for approximately $9.48.

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.

The company employs 876 workers across the globe.

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.