Magnite (MGNI) Stock Price, News & Analysis

Company Overview

Magnite, Inc. operates a sell-side advertising platform that helps publishers, streaming services and app developers sell digital advertising inventory through programmatic auctions. Its technology connects those sellers with advertisers and their agencies seeking to buy ad placements.

The company supports advertising across connected TV, online video, mobile applications and desktop formats. Its offerings include tools for managing and monetizing ad inventory, including streaming-focused ad-serving technology.

Magnite was formed in 2020 through the merger of The Rubicon Project and Telaria, and later expanded its streaming business with the acquisition of SpotX. The company serves customers in multiple international markets and is led by Chief Executive Officer Michael Barrett.

Key Stats

• Today's Range: $29.00 to $29.78
• 50-Day Range: $21.49 to $29.34
• 52-Week Range: $10.82 to $29.78
• Volume: 1.02 million shs
• Average Volume: 2.52 million shs
• Market Capitalization: $4.21 billion
• P/E Ratio: 24.68
• Dividend Yield: N/A
• Price Target: $31.00
• Consensus Rating: Moderate Buy

Magnite Stock Analysis - MarketRank™

Magnite scored higher than 81% of companies evaluated by MarketBeat, and ranked 71st out of 233 stocks in the communication services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.8 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Magnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on no strong buy ratings, 10 buy ratings, 2 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Magnite is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Magnite has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 38.71%

Earnings Growth

Earnings for Magnite are expected to grow by 38.71% in the coming year, from $0.62 to $0.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Magnite is 24.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Magnite is 24.85, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 25.30.

Price to Earnings Growth Ratio

Magnite has a PEG Ratio of 0.97. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Magnite has a P/B Ratio of 4.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.40% of the float of Magnite has been sold short.

Short Interest Ratio / Days to Cover

Magnite has a short interest ratio ("days to cover") of 5.61.

Change versus previous month

Short interest in Magnite has recently decreased by 15.43%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Magnite does not currently pay a dividend.

Dividend Growth

Magnite does not have a long track record of dividend growth.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.44

News Sentiment

Magnite has a news sentiment score of 0.44. 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 news sentiment score is similar to the average news sentiment of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 35 news articles for Magnite this week, compared to 6 articles on an average week.

Search Interest

Only 8 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

9 people have added Magnite to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $8,608,807.00 in company stock.

Percentage Held by Insiders

3.20% of the stock of Magnite is held by insiders.

Percentage Held by Institutions

73.40% of the stock of Magnite is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 11/04/2026
• Today: 11/13/2026
• RBC Global Technology, Internet, Media and Telecommunications Conference: 11/18/2026
• 10th Annual Wells Fargo TMT Summit: 12/09/2026
• Fiscal Year End: 12/31/2026
• 29th Annual Needham Growth Conference: 1/13/2027

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Communication Services
• Industry: Media
• Sub-Industry: Advertising
• Current Symbol: NASDAQ:MGNI
• Previous Symbol: NYSE:RUBI
• CIK: 1595974
• Web: www.magnite.com
• Phone: (212) 243-2769
• Fax: 310-207-0528
• Employees: 971
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Magnite: $31.00
• High Price Target: $40.00
• Low Price Target: $23.00
• Potential Upside/Downside: +5.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.19
• Trailing P/E Ratio: 24.57
• Forward P/E Ratio: 34.05
• P/E Growth: 0.97
• Net Income: $144.61 million
• Net Margins: 23.58%
• Pretax Margin: 16.03%
• Return on Equity: 10.94%
• Return on Assets: 3.33%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 1.04
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $713.95 million
• Price / Sales: 5.89
• Cash Flow: $0.91 per share
• Price / Cash Flow: 32.32
• Book Value: $6.70 per share
• Price / Book: 4.37

Miscellaneous

• Outstanding Shares: 143,560,000
• Free Float: 138,965,000
• Market Cap: $4.20 billion
• Optionable: Optionable
• Beta: 2.44