NASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis → The 2024 Gold Rush: Unleashing Market Potential (From Priority Gold) (Ad) Free MGNI Stock Alerts $9.23 +0.33 (+3.71%) (As of 05/9/2024 ET) Add Compare Share Share Today's Range$9.19▼$10.9050-Day Range$8.46▼$12.2352-Week Range$6.28▼$15.73Volume3.77 million shsAverage Volume1.17 million shsMarket Capitalization$1.29 billionP/E RatioN/ADividend YieldN/APrice Target$14.39 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 Buy2.80 Rating ScoreUpside/Downside55.9% Upside$14.39 Price TargetShort InterestHealthy4.80% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.70Based on 12 Articles This WeekInsider TradingSelling Shares$840,750 Sold Last QuarterProj. Earnings Growth41.46%From $0.41 to $0.58 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.4.50 out of 5 starsComputer And Technology Sector110th out of 593 stocksComputer Programming, Data Processing, & Other Computer Related Industry9th out of 59 stocks 4.4 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.Amount of Analyst CoverageMagnite has been the subject of 6 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 Shorted4.80% 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.Change versus previous monthShort interest in Magnite has recently decreased by 2.98%, 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 2.6 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 0.70. 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 0.39 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Magnite this week, compared to 3 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 -25% 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 -86% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow by 41.46% in the coming year, from $0.41 to $0.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -7.44, 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 -7.44, 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 0.67. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMagnite has a P/B Ratio of 1.81. 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 MediaThe Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.Click here to get instant access to the guide 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 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 | InvestorPlace (Ad)Proof that the Musk/Bezos rivalry is about to hit a new levelElon Musk Humiliated Since Jeff Bezos and Elon Musk first met in 2004 — they've been involved in a bitter feud… from rockets, to electric vehicles to who's the world richest person…for going on two decades these two have been at each others throats…May 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 9, 2024 | InvestorPlace (Ad)Proof that the Musk/Bezos rivalry is about to hit a new levelElon Musk Humiliated Since Jeff Bezos and Elon Musk first met in 2004 — they've been involved in a bitter feud… from rockets, to electric vehicles to who's the world richest person…for going on two decades these two have been at each others throats…May 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?May 1, 2024 | americanbankingnews.comMagnite (MGNI) to Release Quarterly Earnings on WednesdayApril 30, 2024 | seekingalpha.comNexxen: New Name And A New Thesis For This Adtech PlayApril 28, 2024 | fool.com2 Digital Ad Tech Stocks to Buy Hand Over Fist in AprilApril 20, 2024 | investing.comMagnite shares get buy rating from B.RileyApril 19, 2024 | markets.businessinsider.comAssessing Magnite: Insights From 11 Financial AnalystsApril 11, 2024 | businesswire.comKERV Interactive Partners with Magnite to Deliver AI-Powered Interactive Video Ads Programmatically, at ScaleApril 8, 2024 | globenewswire.comMagnite to Announce First Quarter 2024 Financial Results on May 8, 2024March 21, 2024 | markets.businessinsider.comMagnite’s Strategic Advantage and Revenue Prospects Bolster Buy RatingMarch 21, 2024 | markets.businessinsider.comAnalyst Scoreboard: 10 Ratings For MagniteMarch 20, 2024 | markets.businessinsider.comAnalysts Offer Insights on Communication Services Companies: Stagwell (STGW) and Magnite (MGNI)March 19, 2024 | msn.com7 Little-Known Growth Stocks With Multibagger UpsideMarch 17, 2024 | investing.comMagnite chief product officer sells over $195k in company stockMarch 16, 2024 | finance.yahoo.comMGNI Apr 2024 7.500 callMarch 15, 2024 | finance.yahoo.comInsider Sell: Chief Product Officer Adam Soroca Sells 17,245 Shares of Magnite Inc (MGNI)March 14, 2024 | globenewswire.comMediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TVMarch 12, 2024 | finance.yahoo.comShareholders in Magnite (NASDAQ:MGNI) have lost 75%, as stock drops 3.7% this past weekSee 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 Earnings2/28/2024Today5/09/2024Next 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$14.39 High Stock Price Target$18.00 Low Stock Price Target$12.00 Potential Upside/Downside+55.9%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($1.24) Trailing P/E RatioN/A Forward P/E Ratio22.51 P/E Growth0.67Net Income$-159,180,000.00 Net Margins-25.69% Pretax Margin-25.42% Return on Equity2.52% Return on Assets0.69% Debt Debt-to-Equity Ratio0.76 Current Ratio1.09 Quick Ratio1.09 Sales & Book Value Annual Sales$619.71 million Price / Sales2.09 Cash Flow$0.64 per share Price / Cash Flow14.50 Book Value$5.09 per share Price / Book1.81Miscellaneous Outstanding Shares140,020,000Free Float134,003,000Market Cap$1.29 billion OptionableOptionable Beta2.29 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 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 CompetitorsBumbleNASDAQ:BMBLTaboola.comNASDAQ:TBLASVMKNASDAQ:SVMKPubMaticNASDAQ:PUBMModel NNYSE:MODNView All CompetitorsInsiders & InstitutionsScout Investments Inc.Sold 28,231 shares on 5/9/2024Ownership: 0.317%State Board of Administration of Florida Retirement SystemBought 23,628 shares on 5/9/2024Ownership: 0.044%Williams Jones Wealth Management LLC.Bought 36,943 shares on 5/8/2024Ownership: 0.535%Russell Investments Group Ltd.Bought 32,854 shares on 5/8/2024Ownership: 0.100%ProShare Advisors LLCBought 1,914 shares on 5/8/2024Ownership: 0.017%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 equities research analysts have issued 12-month target prices for Magnite's shares. Their MGNI share price targets range from $12.00 to $18.00. On average, they expect the company's stock price to reach $14.39 in the next twelve months. This suggests a possible upside of 55.9% 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 beginning of 2024. Since then, MGNI shares have decreased by 1.2% and is now trading at $9.23. 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 results on Wednesday, February, 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.13. The business had revenue of $165.28 million for the quarter, compared to the consensus estimate of $160.24 million. Magnite had a negative net margin of 25.69% and a positive trailing twelve-month return on equity of 2.52%. 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), Nuveen Small Cap Select ETF (NSCS), 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 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 investors include Nordea Investment Management AB (0.71%), Williams Jones Wealth Management LLC. (0.53%), Scout Investments Inc. (0.32%), GSA Capital Partners LLP (0.24%), Lisanti Capital Growth LLC (0.20%) and Swiss National Bank (0.17%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:MGNI) was last updated on 5/9/2024 by MarketBeat.com Staff From Our PartnersProof that the Musk/Bezos rivalry is about to hit a new levelInvestorPlaceDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithDems have chosen Biden replacement?Paradigm PressGold Set to EXPLODE!Gold Safe ExchangeThe Crypto 9-5 Escape PlanCrypto 101 MediaUrgent Nvidia WarningAltimetry 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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