Top-Rated StocksTop-RatedNASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis $13.12 -0.68 (-4.93%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$12.97▼$13.8950-Day Range$12.37▼$15.8452-Week Range$6.28▼$15.92Volume1.11 million shsAverage Volume1.55 million shsMarket Capitalization$1.84 billionP/E RatioN/ADividend YieldN/APrice Target$17.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Magnite alerts: Email Address Magnite MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside31.5% Upside$17.25 Price TargetShort InterestBearish6.73% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.04Based on 4 Articles This WeekInsider TradingSelling Shares$4.41 M Sold Last QuarterProj. Earnings Growth61.29%From $0.31 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.3.51 out of 5 starsComputer And Technology Sector232nd out of 594 stocksComputer Programming, Data Processing, & Other Computer Related Industry22nd out of 58 stocks 4.5 Analyst's Opinion Consensus RatingMagnite has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no 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 1.0 Short Interest Percentage of Shares Shorted6.73% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Magnite has recently increased by 12.10%, 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 2.2 News and Social Media Coverage News SentimentMagnite has a news sentiment score of 1.04. 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 0.50 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Magnite this week, compared to 4 articles on an average week.Search InterestOnly 7 people have searched for MGNI on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 $4,408,998.00 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Magnite are expected to grow by 61.29% in the coming year, from $0.31 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -20.50, 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 -20.50, 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 1.20. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMagnite has a P/B Ratio of 2.58. 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 Porter & CompanyWhy billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. Click here for my exclusive video 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 HeadlinesAugust 22, 2024 | insidertrades.comSean Patrick Buckley Sells 2,623 Shares of Magnite, Inc. (NASDAQ:MGNI) StockAugust 17, 2024 | insidertrades.comDavid Buonasera Sells 10,000 Shares of Magnite, Inc. (NASDAQ:MGNI) StockSeptember 7, 2024 | Paradigm Press (Ad)Ex-CIA Advisor: “This is How Kamala will Rig the Election”A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…August 17, 2024 | insidertrades.comMagnite, Inc. (NASDAQ:MGNI) CEO Michael G. Barrett Sells 75,000 SharesAugust 12, 2024 | marketbeat.comThe Trade Desk : Premium Digital Ad Demand Fuels Record Growth (MGNI)The Trade Desk Inc. is the largest independent demand-side platform (DSP) for advertising buyers. Its self-service, cloud-based advertising technologySeptember 3, 2024 | globenewswire.comGaming Analytics Platform Blitz Chooses Magnite as Preferred SSP to Streamline Programmatic StrategyAugust 28, 2024 | americanbankingnews.comMagnite, Inc. (NASDAQ:MGNI) Given Consensus Recommendation of "Buy" by AnalystsAugust 28, 2024 | globenewswire.comMagnite to Participate in Upcoming Financial ConferencesSeptember 7, 2024 | Paradigm Press (Ad)Ex-CIA Advisor: “This is How Kamala will Rig the Election”A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…August 28, 2024 | americanbankingnews.comMagnite's (MGNI) "Buy" Rating Reaffirmed at Craig HallumAugust 21, 2024 | markets.businessinsider.comBenchmark Co. Sticks to Its Buy Rating for Magnite (MGNI)August 20, 2024 | benzinga.comKey Takeaways From Magnite Analyst RatingsAugust 20, 2024 | ca.finance.yahoo.comMGNI Sep 2024 17.500 callAugust 20, 2024 | finance.yahoo.comInvesting in Magnite (NASDAQ:MGNI) a year ago would have delivered you a 55% gainAugust 17, 2024 | ca.finance.yahoo.comMGNI Dec 2024 25.000 callAugust 17, 2024 | ca.finance.yahoo.comMGNI Mar 2025 12.500 putAugust 15, 2024 | prnewswire.comTargetSmart Announces Exclusive Partnership with Magnite to Enable Turn Key Data-Driven Political Advertising Across CTV InventoryAugust 15, 2024 | seekingalpha.comMagnite: Strong Growth But Customer Concentration Is A ConcernSee 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 Earnings8/07/2024Today9/07/2024Next Earnings (Estimated)11/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer programming, data processing, & other computer related Sub-IndustryComputer Software Current SymbolNASDAQ:MGNI CUSIPN/A CIK1595974 Webwww.magnite.com Phone(212) 243-2769Fax310-207-0528Employees950Year FoundedN/APrice Target and Rating Average Stock Price Target$17.25 High Stock Price Target$21.00 Low Stock Price Target$14.00 Potential Upside/Downside+31.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($0.64) Trailing P/E RatioN/A Forward P/E Ratio42.32 P/E Growth1.2Net Income$-159,180,000.00 Net Margins-0.83% Pretax Margin-1.12% Return on Equity3.74% Return on Assets1.01% Debt Debt-to-Equity Ratio0.77 Current Ratio1.10 Quick Ratio1.10 Sales & Book Value Annual Sales$649.22 million Price / Sales2.83 Cash Flow$0.61 per share Price / Cash Flow21.62 Book Value$5.09 per share Price / Book2.58Miscellaneous Outstanding Shares140,024,000Free Float134,003,000Market Cap$1.84 billion OptionableOptionable Beta2.41 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.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 CompetitorsSVMKNASDAQ:SVMKModel NNYSE:MODNSabreNASDAQ:SABRHealthStreamNASDAQ:HSTMEverQuoteNASDAQ:EVERView All CompetitorsInsiders & InstitutionsMaven Securities LTDBought 26,851 shares on 8/29/2024Ownership: 0.019%Dana Investment Advisors Inc.Bought 493,303 shares on 8/27/2024Ownership: 0.352%New Century Financial Group LLCBought 48,183 shares on 8/27/2024Ownership: 0.034%Truist Financial CorpBought 20,517 shares on 8/21/2024Ownership: 0.048%Adam Lee SorocaSold 7,910 sharesTotal: $99,586.90 ($12.59/share)View All Insider TransactionsView All Institutional Transactions MGNI Stock Analysis - Frequently Asked Questions How have MGNI shares performed this year? Magnite's stock was trading at $9.34 at the beginning of the year. Since then, MGNI shares have increased by 40.5% and is now trading at $13.12. View the best growth stocks for 2024 here. How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) issued its quarterly earnings results on Wednesday, August, 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. Magnite's quarterly revenue was up 6.8% compared to the same quarter last year. Who are Magnite's major shareholders? Top institutional shareholders of Magnite include Dimensional Fund Advisors LP (3.85%), Bank of New York Mellon Corp (2.36%), Marshall Wace LLP (1.10%) and Victory Capital Management Inc. (0.93%). Insiders that own company stock include Michael G Barrett, Adam Lee Soroca, David Day, Katie Seitz Evans, Sean Patrick Buckley, Aaron Saltz, David Buonasera, Brian Gephart, Lisa L Troe, Robert F Spillane and Rachel Lam. 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. What other stocks do shareholders of Magnite own? Based on aggregate information from My MarketBeat watchlists, some other companies that Magnite investors own include Trade Desk (TTD), Datadog (DDOG), DocuSign (DOCU), Tesla (TSLA), CrowdStrike (CRWD), Walt Disney (DIS) and Fastly (FSLY). This page (NASDAQ:MGNI) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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