Top-Rated StocksTop-RatedNASDAQ:MGNI Magnite (MGNI) Stock Forecast, Price & News $12.46 +0.58 (+4.88%) (As of 11:28 AM ET) Add Compare Share Share Today's Range$11.81▼$12.4950-Day Range$8.41▼$12.5152-Week Range$5.59▼$14.20Volume507,200 shsAverage Volume1.64 million shsMarket Capitalization$1.69 billionP/E RatioN/ADividend YieldN/APrice Target$14.22 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Magnite MarketRank™ ForecastAnalyst RatingModerate Buy2.88 Rating ScoreUpside/Downside19.7% Upside$14.22 Price TargetShort InterestBearish7.69% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.95Based on 6 Articles This WeekInsider TradingSelling Shares$750,948 Sold Last QuarterProj. Earnings Growth86.96%From $0.23 to $0.43 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.1.92 out of 5 starsComputer And Technology Sector439th out of 621 stocksComputer Programming, Data Processing, & Other Computer Related Industry39th out of 61 stocks 2.4 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.22, Magnite has a forecasted upside of 19.7% from its current price of $11.88.Amount of Analyst CoverageMagnite has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.69% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in Magnite has recently increased by 11.34%, 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 2.7 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.95. 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 0.54 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Magnite this week, compared to 4 articles on an average week.Search InterestOnly 6 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% 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 $750,948.00 in 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 86.96% in the coming year, from $0.23 to $0.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -8.67, 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 -8.67, 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 2.28. 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 HeadlinesMay 31, 2023 | finance.yahoo.comBanijay Rights Collaborates with Magnite and SpringServe to Power FAST MonetisationMay 30, 2023 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) Receives $14.22 Consensus PT from AnalystsJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 29, 2023 | benzinga.comMagnite Research Finds Streaming TV's Rapid Growth in Latin America Is Driven by Ad-Supported ViewingMay 29, 2023 | finance.yahoo.comMagnite Research Finds Streaming TV’s Rapid Growth in Latin America Is Driven by Ad-Supported ViewingMay 28, 2023 | fool.comMagnite (NASDAQ: MGNI)May 25, 2023 | finance.yahoo.comA Look At The Fair Value Of Magnite, Inc. (NASDAQ:MGNI)May 24, 2023 | americanbankingnews.comMagnite's (MGNI) "Reiterates" Rating Reaffirmed at 22nd Century GroupJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 22, 2023 | msn.com11 Analysts Have This to Say About MagniteMay 21, 2023 | americanbankingnews.comInsider Selling: Magnite, Inc. (NASDAQ:MGNI) CAO Sells $13,458.56 in StockMay 21, 2023 | americanbankingnews.comInsider Selling: Magnite, Inc. (NASDAQ:MGNI) Insider Sells $134,803.20 in StockMay 21, 2023 | americanbankingnews.comInsider Selling: Magnite, Inc. (NASDAQ:MGNI) CEO Sells $268,507.52 in StockMay 20, 2023 | americanbankingnews.comDavid Buonasera Sells 1,559 Shares of Magnite, Inc. (NASDAQ:MGNI) StockMay 20, 2023 | americanbankingnews.comMagnite (NASDAQ:MGNI) Trading 5.7% Higher May 20, 2023 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) COO Sells $81,056.00 in StockMay 20, 2023 | americanbankingnews.comSean Patrick Buckley Sells 5,640 Shares of Magnite, Inc. (NASDAQ:MGNI) StockMay 20, 2023 | americanbankingnews.comDavid Day Sells 16,066 Shares of Magnite, Inc. (NASDAQ:MGNI) StockMay 12, 2023 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Magnite (MGNI)May 12, 2023 | msn.comUnusual Put Option Trade in Magnite (MGNI) Worth $477.53KMay 12, 2023 | seekingalpha.comMagnite Q1 Earnings: Making A ComebackMay 11, 2023 | markets.businessinsider.comNeedham Keeps Their Buy Rating on Magnite (MGNI)May 11, 2023 | markets.businessinsider.comTruist Financial Remains a Buy on Magnite (MGNI)May 10, 2023 | finance.yahoo.comMagnite (MGNI) Q1 Earnings and Revenues Beat EstimatesMay 10, 2023 | finance.yahoo.comMagnite (MGNI) Q1 2023 Earnings Call TranscriptMay 10, 2023 | seekingalpha.comMagnite, Inc. (MGNI) Q1 2023 Earnings Call TranscriptMay 10, 2023 | seekingalpha.comMagnite, Inc. 2023 Q1 - Results - Earnings Call PresentationSee More Headlines MGNI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGNI Company Calendar Last Earnings5/10/2023Today6/01/2023Next Earnings (Estimated)8/08/2023Fiscal 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$14.22 High Stock Price Forecast$16.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+19.7%Consensus RatingModerate Buy Rating Score (0-4)2.88 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($1.37) Trailing P/E RatioN/A Forward P/E Ratio51.65 P/E GrowthN/ANet Income$-130,320,000.00 Net Margins-31.31% Pretax Margin-31.92% Return on Equity3.29% Return on Assets1.00% Debt Debt-to-Equity Ratio0.96 Current Ratio1.16 Quick Ratio1.16 Sales & Book Value Annual Sales$577.07 million Price / Sales2.79 Cash Flow$1.96 per share Price / Cash Flow6.07 Book Value$5.20 per share Price / Book2.28Miscellaneous Outstanding Shares135,570,000Free Float130,965,000Market Cap$1.61 billion OptionableOptionable Beta2.15 Key ExecutivesMichael G. BarrettPresident, Chief Executive Officer & DirectorKatie EvansChief Operating OfficerDavid Lavelle DayChief Financial OfficerDavid BuonaseraChief Technology OfficerErik Michael HovanecChief Strategy OfficerKey CompetitorsMomentive GlobalNASDAQ:MNTVModel NNYSE:MODNSabreNASDAQ:SABRGrindrNYSE:GRNDBumbleNASDAQ:BMBLView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 1,451 shares on 5/26/2023Ownership: 0.011%Ameriprise Financial Inc.Sold 2,222 shares on 5/22/2023Ownership: 0.198%American TrustBought 13,401 shares on 5/22/2023Ownership: 0.010%New York State Common Retirement FundBought 445,618 shares on 5/18/2023Ownership: 0.520%JPMorgan Chase & Co.Bought 500 shares on 5/18/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MGNI Stock - Frequently Asked Questions Should I buy or sell Magnite stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magnite in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street 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? 8 Wall Street research analysts have issued 1 year price targets for Magnite's stock. Their MGNI share price forecasts range from $11.00 to $16.00. On average, they anticipate the company's share price to reach $14.22 in the next year. This suggests a possible upside of 19.7% 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 the year. Since then, MGNI shares have increased by 12.2% and is now trading at $11.88. 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 Tuesday, August 8th 2023. View our MGNI earnings forecast. How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) released its earnings results on Wednesday, May, 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.22. The firm had revenue of $130.15 million for the quarter, compared to the consensus estimate of $110.90 million. Magnite had a positive trailing twelve-month return on equity of 3.29% and a negative net margin of 31.31%. 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), SPDR FactSet Innovative Technology ETF (XITK), Fidelity Growth Opportunities ETF (FGRO), RiverFront Dynamic US Flex-Cap ETF (RFFC) and Vanguard U.S. Value Factor (VFVA). What guidance has Magnite issued on next quarter's earnings? Magnite updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $132.00 million-$136.00 million, compared to the consensus revenue estimate of $127.19 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 retail and institutional investors. Top institutional shareholders include Granahan Investment Management LLC (6.76%), Dimensional Fund Advisors LP (3.13%), Frontier Capital Management Co. LLC (1.97%), Geode Capital Management LLC (1.82%), Victory Capital Management Inc. (1.28%) and Wellington Management Group LLP (1.19%). 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, 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. What is Magnite's stock price today? One share of MGNI stock can currently be purchased for approximately $11.88. How much money does Magnite make? Magnite (NASDAQ:MGNI) has a market capitalization of $1.61 billion and generates $577.07 million in revenue each year. The company earns $-130,320,000.00 in net income (profit) each year or ($1.37) 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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