B. Riley Issues Negative Outlook for Magnite Earnings

Magnite, Inc. (NASDAQ:MGNI - Free Report) - Equities researchers at B. Riley cut their Q4 2025 earnings estimates for Magnite in a research note issued to investors on Wednesday, February 26th. B. Riley analyst Z. Cummins now expects that the company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.35. The consensus estimate for Magnite's current full-year earnings is $0.33 per share.

Other research analysts also recently issued reports about the company. Royal Bank of Canada lifted their target price on Magnite from $19.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Scotiabank started coverage on shares of Magnite in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $22.00 price objective for the company. Macquarie reiterated an "outperform" rating and issued a $18.00 price objective on shares of Magnite in a report on Friday, November 8th. Susquehanna raised their target price on shares of Magnite from $16.00 to $22.00 and gave the stock a "positive" rating in a research note on Thursday. Finally, Wolfe Research lifted their target price on shares of Magnite from $14.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.27.

Magnite Stock Performance

NASDAQ MGNI traded down $1.08 during trading on Monday, reaching $14.69. 3,693,854 shares of the company's stock were exchanged, compared to its average volume of 2,506,181. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day moving average price of $17.30 and a 200-day moving average price of $15.24. The stock has a market capitalization of $2.07 billion, a P/E ratio of 244.83, a PEG ratio of 1.00 and a beta of 2.52. Magnite has a fifty-two week low of $8.38 and a fifty-two week high of $21.29.

Magnite (NASDAQ:MGNI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.14). The firm had revenue of $180.20 million during the quarter, compared to the consensus estimate of $183.90 million. Magnite had a net margin of 2.62% and a return on equity of 4.64%.

Institutional Trading of Magnite

Several large investors have recently made changes to their positions in MGNI. SBI Securities Co. Ltd. acquired a new position in Magnite during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC increased its stake in shares of Magnite by 179.2% in the 4th quarter. Larson Financial Group LLC now owns 3,647 shares of the company's stock valued at $58,000 after purchasing an additional 2,341 shares during the last quarter. Quarry LP raised its holdings in shares of Magnite by 446.8% during the 3rd quarter. Quarry LP now owns 5,517 shares of the company's stock worth $76,000 after buying an additional 4,508 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Magnite during the 4th quarter worth $87,000. Finally, Jones Financial Companies Lllp boosted its stake in Magnite by 20.6% in the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the company's stock valued at $93,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 73.40% of the company's stock.

Insider Activity

In related news, Director James Rossman sold 149,936 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $19.46, for a total transaction of $2,917,754.56. Following the completion of the sale, the director now owns 219,920 shares of the company's stock, valued at $4,279,643.20. This represents a 40.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sean Patrick Buckley sold 18,693 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $20.00, for a total transaction of $373,860.00. Following the completion of the transaction, the insider now directly owns 408,529 shares in the company, valued at approximately $8,170,580. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 398,110 shares of company stock worth $7,418,043. Corporate insiders own 4.30% of the company's stock.

About Magnite

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.