NASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis → [FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks (From Crypto 101 Media) (Ad) Free MGNI Stock Alerts $11.75 -0.24 (-2.00%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$11.42▼$12.3050-Day Range$8.46▼$11.9952-Week Range$6.28▼$15.73Volume2.80 million shsAverage Volume2.30 million shsMarket Capitalization$1.65 billionP/E RatioN/ADividend YieldN/APrice Target$14.95 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Magnite alerts: Email Address Magnite MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.82 Rating ScoreUpside/Downside27.2% Upside$14.95 Price TargetShort InterestHealthy4.70% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.66Based on 21 Articles This WeekInsider TradingSelling Shares$840,750 Sold Last QuarterProj. Earnings Growth31.58%From $0.38 to $0.50 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.46 out of 5 starsComputer And Technology Sector76th out of 589 stocksComputer Programming, Data Processing, & Other Computer Related Industry6th out of 60 stocks 4.4 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageMagnite has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Magnite's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.70% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 4.6.Change versus previous monthShort interest in Magnite has recently decreased by 2.05%, indicating that investor sentiment is improving. 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 3.7 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.66. 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 0.47 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Magnite this week, compared to 4 articles on an average week.Search Interest9 people have searched for MGNI on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.MarketBeat Follows6 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 $840,750.00 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.Read more about Magnite's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow by 31.58% in the coming year, from $0.38 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -18.36, 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 -18.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioMagnite has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioMagnite has a P/B Ratio of 2.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Magnite's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 Media[FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks Are you monitoring 13,217 cryptocurrencies everyday? If not, you could miss the ONE that can make you wealthy beyond your wildest dreams. You see, while Bitcoin and Ethereum steal all the headlines… It’s often the cryptos flying under the radar that turn small stakes into life-changing windfalls. Claim your free seat by clicking here now. About Magnite Stock (NASDAQ:MGNI)Magnite, Inc., together with its subsidiaries, operates an independent omni-channel 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 applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through 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 HeadlinesMay 15 at 7:02 AM | marketbeat.comThe Trade Desk Raised Forecasts Means Ad Spending is Back, Maybe (MGNI)The Trade Desk Inc. (NASDAQ: TTD) is one of the largest artificial intelligence (AI) powered demand-side programmatic advertising platform providersMay 18 at 7:33 AM | americanbankingnews.comMagnite (NASDAQ:MGNI) Stock Rating Reaffirmed by SusquehannaMay 18 at 6:56 AM | americanbankingnews.comCraig Hallum Increases Magnite (NASDAQ:MGNI) Price Target to $20.00May 18 at 5:29 AM | americanbankingnews.comMagnite (NASDAQ:MGNI) Stock Rating Reaffirmed by BenchmarkMay 18 at 2:18 AM | americanbankingnews.comMagnite (NASDAQ:MGNI) Sees Large Volume Increase on Analyst UpgradeMay 17 at 2:26 AM | americanbankingnews.comMagnite (NASDAQ:MGNI) Shares Gap Up After Analyst UpgradeMay 17 at 1:32 AM | americanbankingnews.comMagnite Target of Unusually High Options Trading (NASDAQ:MGNI)May 16 at 8:57 PM | markets.businessinsider.comBuy Rating Affirmed: Magnite’s Market Position and Growth Trajectory Strengthened by Netflix DealMay 16 at 12:23 PM | fool.comWhy Magnite Stock Rocketed Higher on ThursdayMay 15 at 5:52 PM | msn.comNetflix Says In-House Ad-Tech Coming: The Trade Desk And Magnite Shares ClimbMay 14, 2024 | markets.businessinsider.comCraig-Hallum Keeps Their Buy Rating on Magnite (MGNI)May 13, 2024 | globenewswire.comMagnite to Participate in Upcoming Financial ConferencesMay 11, 2024 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) Given Average Rating of "Moderate Buy" by BrokeragesMay 10, 2024 | finance.yahoo.comMagnite Inc (MGNI) Q1 2024 Earnings: Revenue and Contribution Growth Amid ChallengesMay 10, 2024 | finance.yahoo.comMagnite First Quarter 2024 Earnings: Beats ExpectationsMay 9, 2024 | markets.businessinsider.comBuy Rating Affirmed: Magnite’s Q1 Performance and Strong 2024 Outlook Exceed ExpectationsMay 9, 2024 | finance.yahoo.comMagnite, Inc. (NASDAQ:MGNI) Q1 2024 Earnings Call TranscriptMay 9, 2024 | fool.comWhy Magnite Stock Popped TodayMay 9, 2024 | finance.yahoo.comMagnite Inc (MGNI) (Q1 2024) Earnings Call Transcript Highlights: Navigating Growth Amidst ...May 9, 2024 | fool.comMagnite (MGNI) Q1 2024 Earnings Call TranscriptMay 8, 2024 | finance.yahoo.comMagnite Reports First Quarter 2024 ResultsMay 8, 2024 | seekingalpha.comMagnite, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 8, 2024 | markets.businessinsider.comMaintaining Hold on Magnite: Balancing Growth Prospects and Market Challenges in Digital AdvertisingMay 6, 2024 | finance.yahoo.comMagnite (MGNI) to Report Q1 Earnings: What's in the Cards?April 30, 2024 | seekingalpha.comNexxen: New Name And A New Thesis For This Adtech PlaySee 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 Earnings2/28/2024Today5/17/2024Next Earnings (Estimated)8/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer programming, data processing, & other computer related Sub-IndustryN/A Current SymbolNASDAQ:MGNI CUSIPN/A CIK1595974 Webwww.magnite.com Phone(212) 243-2769Fax310-207-0528Employees911Year FoundedN/APrice Target and Rating Average Stock Price Target$14.95 High Stock Price Target$20.00 Low Stock Price Target$12.00 Potential Upside/Downside+27.2%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.64) Trailing P/E RatioN/A Forward P/E Ratio30.92 P/E Growth0.77Net Income$-159,180,000.00 Net Margins-12.24% Pretax Margin-13.16% Return on Equity3.23% Return on Assets0.87% Debt Debt-to-Equity Ratio0.79 Current Ratio1.10 Quick Ratio1.10 Sales & Book Value Annual Sales$619.71 million Price / Sales2.65 Cash Flow$0.76 per share Price / Cash Flow15.37 Book Value$4.97 per share Price / Book2.36Miscellaneous Outstanding Shares140,020,000Free Float134,003,000Market Cap$1.65 billion OptionableOptionable Beta2.29 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Michael G. Barrett (Age 62)President, CEO & Director Comp: $1.15MMr. David L. Day (Age 63)Chief Financial Officer Comp: $895.94kMs. Katie Evans (Age 38)Chief Operating Officer Comp: $785.21kMr. Adam Lee Soroca (Age 51)Chief Product Officer Comp: $784.49kMr. Sean Patrick Buckley (Age 36)Chief Revenue Officer Comp: $1.06MMr. Brian Gephart (Age 44)Chief Accounting Officer Mr. David Buonasera (Age 38)Chief Technology Officer Mr. Nick KormelukVP of Investor Relations & Head of Global Real EstateMr. Aaron Saltz (Age 43)Chief Legal Officer Charlstie VeithGlobal Head of CommunicationsMore ExecutivesKey CompetitorsTaboola.comNASDAQ:TBLASVMKNASDAQ:SVMKModel NNYSE:MODNSabreNASDAQ:SABRPubMaticNASDAQ:PUBMView All CompetitorsInsiders & InstitutionsTidal Investments LLCBought 47,205 shares on 5/17/2024Ownership: 0.050%Comerica BankBought 27,406 shares on 5/17/2024Ownership: 0.020%Walleye Trading LLCBought 18,900 shares on 5/17/2024Ownership: 0.000%Silvercrest Asset Management Group LLCBought 36,298 shares on 5/16/2024Ownership: 0.610%Bayesian Capital Management LPBought 12,300 shares on 5/16/2024Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions MGNI Stock Analysis - Frequently Asked Questions Should I buy or sell Magnite stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magnite in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research 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? 11 Wall Street research analysts have issued 12 month price objectives for Magnite's stock. Their MGNI share price targets range from $12.00 to $20.00. On average, they expect the company's share price to reach $14.95 in the next year. This suggests a possible upside of 27.2% 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 2024? Magnite's stock was trading at $9.34 at the start of the year. Since then, MGNI shares have increased by 25.8% and is now trading at $11.75. View the best growth stocks for 2024 here. When is Magnite's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our MGNI earnings forecast. How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) posted its quarterly earnings data on Wednesday, February, 28th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.03 by $0.13. The company had revenue of $165.28 million for the quarter, compared to the consensus estimate of $160.24 million. Magnite had a positive trailing twelve-month return on equity of 3.23% and a negative net margin of 12.24%. 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), Harbor Small Cap Explorer ETF (QWST), AOT Growth & Innovation ETF (AOTG) and SPDR FactSet Innovative Technology ETF (XITK).AdvisorShares Alpha DNA Equity Sentiment ETF (SENT). What guidance has Magnite issued on next quarter's earnings? Magnite issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $142.0 million-$146.0 million, compared to the consensus revenue estimate of $143.7 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). Who are Magnite's major shareholders? Magnite's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.15%), Burgundy Asset Management Ltd. (1.75%), Kennedy Capital Management LLC (1.11%), Nordea Investment Management AB (0.71%), Silvercrest Asset Management Group LLC (0.61%) and Williams Jones Wealth Management LLC. (0.53%). Insiders that own company stock include Aaron Saltz, Adam Lee Soroca, Brian Gephart, David Buonasera, David Day, Douglas S Knopper, Joseph R Prusz, Katie Seitz Evans, Lisa L Troe, Michael G Barrett, Paul Caine, Rachel Lam, Robert F Spillane and Sean Patrick Buckley. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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